Why are food prices rising? Here are 4 key insights

Jun 29, 2021

a woman does grocery shopping during the pandemic

Although COVID-19 has affected food prices, the increase in consumer food price inflation predates the pandemic. Image: Unsplash/Imants Kaziļuns

Christian Bogmans

Economist, IMF

Andrea Pescatori

Economist, IMF

Ervin Prifti

Senior Economist, IMF

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a graph showing how food prices had been on the rise in the years before the pandemic before moderating

The state of food prices before and during the pandemic. Image: IMF

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a graph showing that global consumer food prices and producer prices fluctuate

Global consumer food prices and producer prices vary consierably. Image: IMF

a graph showing that ocean freight rates have been steadily rising for more than a year

The steady rise of ocean freight rates. Image: IMF

a graph showing that international food prices for producers are rising due to factors relating to the pandemic and weather events

International food prices are rising. Image: IMF

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Related topics:

Food Security Agriculture, Food and Beverage COVID-19

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