From The Japan Times · Naveen Thukral · · 50s
Global food inflation intensifies
Rising food costs threaten poor families as supply shocks worsen.
In brief
Rising food costs threaten poor families as supply shocks worsen. Global food inflation is expected to intensify through 2027 due to shipping disruptions and droughts. Originally reported by The Japan Times.
Global food inflation intensifies
Rising food costs threaten poor families as supply shocks worsen.
Jakarta resident cuts meals
Muhamad Yasin, a 63-year-old parking attendant in central Jakarta, says he has cut back on meals as rising prices have put food staples beyond his reach.
Price surge for basics
He used to buy rice, tempeh and tofu for 7,000 to 8,000 rupiah ($0.39 to $0.44). Now it costs 15,000 rupiah.
Inflation forecast
Global food inflation is poised to accelerate in the coming months and persist well into 2027.
The bottom line
Global food inflation is expected to intensify through 2027 due to shipping disruptions and droughts.
