- 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.
For further details see:
MV Weekly market Flash: Cereal Problems