Inflation & Prices
Middle East Conflict Weighs on Global Food Prices, FAO Says
A street vendor sells fresh fruit at the central business district in Pretoria, South Africa.
Photographer: Leon Sadiki/BloombergGlobal food prices rose in March, driven by higher energy prices and an increase in freight costs linked to war in the Middle East.
An index of food commodity prices created by the United Nations’ Food and Agriculture Organization averaged 128.5 points in March, up 3 points from February, as disruptions from the Iran war ripple through food supply chains.