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https://www.wsj.com/articles/food-prices-are-new-inflation-threat-for-governments-and-central-banks-969e7483

Food Prices Are New Inflation Threat for Governments and Central Banks

With food commodity prices down, widening profit margins might explain why consumers are paying more

Food makes up the largest share of households’ budgets in most countries. Photo: Richard B. Levine/Zuma Press

April 9, 2023 10:00 am ET

Energy prices are falling back more than a year on from Russia’s invasion of Ukraine. But the other big cost of the war for households around the world continues to rise: food.

In 12 months through March, prices of food, alcohol and tobacco were up 15.4% in the eurozone, while energy prices were down 0.9%. Food prices were up 10.2% in the U.S. in the 12 months through February, well ahead of energy at 5.2%.

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