date:Dec 20, 2022
Agriculture (USDA).
The USDA predicts that egg prices will finish the year around 30% higher than one year ago, meat prices around 14% higher, fruits and vegetables between 8% and 9% higher, fats and oils around 19% higher and sugar and sweets around 10.5% higher.
The second biggest global economy, China, halved its food inflation in a single month (from 7 to 3.7%), with food prices driven to lower levels given the countrys dramatic decline in pork prices.
Pork meat prices reached almost 10