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You have probably noticed that prices at the grocery store are higher than they were a year ago, but some, like cereal and sunflower oil, are a whole lot higher.
This impending food crisis has been somewhat overlooked in developed-world analysis about the economic effects of the crisis in Ukraine, with the focus being more on energy prices, Europe’s dependence on Russian gas and related issues.
Now, simply based on the period of comparison, the year-on-year number is likely to start going down after the April release.