Global problem of rising food prices – causes and solutions – ANALYSIS

By Trend The external factors of inflation greatly intensified in 2021. The disruptions in the trade supply chain, weak recovery in employment, and rising transport and logistics costs have hampered the expansion of global supply during this period. These processes have led to global inflation and a mismatch between world supply and demand. According to the World Bank, energy prices increased by 77 percent year on year, while non-energy prices – by 20 percent in 2021. The Food and Agriculture Organization of the United Nations (FAO) stressed that world food prices in 2021 increased by 23.1 per…

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