End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher UBS analysts identified five long-term forces likely to keep global food inflation “structurally higher” above its pre-pandemic average of about 2.5%, crushing consumer hopes that price pressures will simply fade. “While food inflation globally has fallen from the COVID peak, a new debate is emerging: is the c2.5% LT average obsolete?” London-based managing director and equity-research analyst Sreedhar Mahamkali asked in a note penned on Monday. Mahamkali and his team outlined five long-term drivers of global food inflation: 1. Climate risk is global, although its intensity differs… — Continue at ZeroHedge News : Read More
