FOOD PRICE SPIKE LOOKS LIKE RECIPE FOR TROUBLE

Emerging markets struggling to get hold of Covid-19 vaccines may be in for another kick in the guts: food inflation. The United Nations’ Food and Agriculture Organization (FAO) said on Thursday that its global food price index hit its highest level since September 2011. With groceries making up a greater share of their inflation baskets, developing nations will feel the biggest pinch. (Reuters)