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05.09.26 - 15:45
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Alarm Bells Ring As Global Food Prices Hit 2022 Highs, Perfect Storm Stokes New Inflation Shock (ZeroHedge)
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Alarm Bells Ring As Global Food Prices Hit 2022 Highs, Perfect Storm Stokes New Inflation Shock
The United Nations Food and Agriculture Organization's global food-commodity index climbed in August to its highest level since 2022, with the index now gaining momentum to the upside. The upside reinforces warnings from several major Wall Street desks, which we have covered extensively, that global food shortages could materialize next year.
The United Nations Food and Agriculture Organization's (FAO) Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 133.3 in August, up 1.9% from July, with every major category advancing. Sugar prices surged 11.9%, while wheat gained 2.6% and now stands 15% above year-ago levels.
The surge in global food prices comes as a perfect storm of factors emerges, from El Niño and higher fertilizer and diesel prices to disruptions in the Black Sea and the Strait of Hormuz, all of which cou...
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05.09.26 - 00:06
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Ayako Yoshioka Discusses Tech′s Impact on Inflation and Prices (Bloomberg)
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Ayako Yoshioka, a Senior Investment Strategist at Wealth Enhancement Group, joins the show to discuss technology's role in the inflation outlook. The segment frames a client conversation around whether technology could help stoke inflation in the near term or, alternatively, contribute to lower prices and cost relief for the broader economy over time. She speaks with Scarlet Fu & Kristine Aquino on "The Close." (Source: Bloomberg)...
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