Agriculture, Food and Beverage

Global food prices are at a level not seen for most of modern history - this is why

Fresh vegetables are pictured in a supermarket.

The real average price of food has actually been increasing since the year 2000. Image: Unsplash/ Raul Gonzalez Escobar

Alastair Smith
Senior Teaching Fellow in Global Sustainable Development, University of Warwick
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Agriculture, Food and Beverage

Nominal prices are lower today than in 2011, but real prices are higher.
Nominal prices are lower today than in 2011, but real prices are higher. Image: Alastair Smith/FAO data
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Food oil prices recently hit a 20-year high.
Food oil prices recently hit a 20-year high. Image: Alastair Smith/FAO data
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Related topics:
Agriculture, Food and BeverageFood SecurityDavos Agenda
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