Summary

COVID-19 is upending well-oiled national, regional, and global supply chains, producing higher prices in food markets around the world. Food inflation hasn’t discriminated, impacting developed and developing countries alike, but the consequences certainly have, depending as they do on a variety of social, political, and economic factors.

The trend of rising food prices pre-dated the COVID-19 pandemic, as global prices were already hovering near a five-year high in December of 2019.

Here’s how food inflation is manifesting in countries around the world: