Four Facts about Soaring Food Prices

Christian Bogmans is an economist in the International Monetary Fund (IMF)'s Research Department (Commodities Unit); Andrea Pescatori is an Economist at the Western Hemisphere Department of the IMF; Ervin Prifti is a Senior Economist with the Research Department of the IMF. ____ Rising world food prices for producers are making headlines and causing concerns among the public. The most recent data show moderation in consumer food price inflation globally, but as we explain below, that could change in the coming months. This would only add to the high prices that consumers in many countries already lived through last year. If…