Daniel Lacalle: Oh, yes, stagflation is a risk worth monitoring

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Soaring food prices squeeze family budgets around the world

How much do you spend on food? For some people, it’s not worth thinking about. But for countless others, it’s all-consuming.

World food prices are at their highest level in a decade, according to the U.N. food agency, making basic staples like rice, beans and cooking oil increasingly unaffordable for billions of people.

Compounded by the economic downturn due to the COVID-19 pandemic, many working families are struggling to stay afloat.

The Thomson Reuters Foundation spoke to five people around the globe – from Costa Rica to India – to hear how they are coping with soaring food prices.

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