Food price inflation has been significant in the U.S. in recent years, beginning with supply chain disruptions that saw prices increase by nearly 10% several years ago and by 3.1% over the past year, according to May data from the U.S. Bureau of Labor Statistics.
But while food price inflation has slowed somewhat in the West, prices have continued to spike in many regions worldwide, including parts of the Middle East and South America.
The largest annual increases have been in Iran (55.9%), Argentina (33.4%) and Turkey (25.1%), according to an analysis of data from the…
