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World food prices soaring
Friday, February 4, 2011 5:41 AM
CANTTAKESKY
Quote:ROME (AFP) – World food prices reached their highest level ever in January, the UN food agency said on Thursday, as economists warned chaos in Egypt could push prices up further and foment more unrest in the region. Rising food prices have been cited among the driving forces behind the recent popular revolts in north Africa, including the uprising in Egypt and the toppling of Tunisia's long-time president Zine El Abidine Ben Ali. And in its latest survey, the Food and Agriculture Organisation (FAO) said its index, which monitors monthly price changes for a variety of staples, averaged 231 points in January -- the highest since records began in 1990. "The new figures clearly show that the upward pressure on world food prices is not abating. These high prices are likely to persist in the months to come," said Abdolreza Abbassian, an economist for FAO, which is based in Rome.
Friday, February 4, 2011 6:04 AM
AURAPTOR
America loves a winner!
Friday, February 4, 2011 6:08 AM
KANEMAN
Friday, February 4, 2011 6:09 AM
DREAMTROVE
Friday, February 4, 2011 6:10 AM
Quote:Originally posted by kaneman: That is why Obama doesn't use food prices or fuel in the inflation #'s
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