WORRYING RISE
The Food and Agriculture Organisation’s gauge of global food prices rose at a record pace in March, fuelled by Russia’s invasion of Ukraine, and the United Nations body has warned of further increases to come. Food inflation in South Africa also continues to accelerate, with the Bureau for Food and Agricultural Policy reporting that food prices rose by 6.4% in year-on-year terms in February, a month that did not yet fully reflect international developments and their potential to increase food prices yet further.
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