Oh, yes, #stagflation is a risk worth monitoring pic.twitter.com/jz1ZrvStUQ
— Daniel Lacalle (@dlacalle_IA) June 28, 2021
BofA: #Gold physical markets have strengthened, with prices in both China and India trading at a
premium to international prices pic.twitter.com/qXoz19kKqZ— Tracy (𝕮𝖍𝖎) (@chigrl) June 27, 2021
Commodity prices over last year…
Lumber: +104%
Natural Gas: +98%
WTI Crude: +81%
Heating Oil: +78%
Brent Crude +76%
Gasoline: +75%
Corn: +65%
Copper: +63%
Coffee: +57%
Soybeans: +49%
Cotton: +46%
Silver: +45%
Sugar: +43%
Wheat: +35%
Palladium: +35%
Platinum: +28%
Gold: +0.1%— Win Smart, CFA (@WinfieldSmart) June 27, 2021
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.