Governments seek options to reduce food price inflation

Pat Westhoff

Meals rate inflation is at the best stage in a long time, and lots of international locations are taking policy steps to try out to handle the problem. Some of these policies are extra likely to be efficient than some others, and many could have essential facet effects.

There is no one induce for the swift raise in food items costs about the previous 12 months. Components as diverse as unfavorable weather conditions to the war in Ukraine to a tightening labor market have all played a role.

Provide concerns are portion of the difficulty, and some of the proposed options to soaring food items price ranges check out to boost foods provides. For example, the crisis in Ukraine has lessened wheat supplies in international markets, and many international locations are seeking to find ways to stimulate additional wheat provides.