Food prices have reached their highest level in a decade as the coronavirus continues to wreak havoc on businesses left reeling from a labor shortage and issues within the supply chain.
The Food and Agriculture Organization of the United Nations released data showing that the FAO Food Price Index, defined as “a measure of the monthly change in international prices of a basket of food commodities,” had risen by 1.5 points from August to September, with an average of 130.0 points in September. In addition, compared to the same time last year, the FFPI had risen by 32.1 points, or 32.8%, the highest it’s been since 2011’s FFPI of 131.9.
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