The Guardian Australia – Business · business

Food prices surge 2.4% in March amid Middle East energy crisis

2 days ago

Food prices surged by 2.4% in March, driven by increased energy costs due to the Middle East conflict, according to a UN report. Vegetable oil and sugar prices rose by 5% and 7%, respectively. Uncertainty over the conflict's duration has heightened fears of sustained food inflation globally.

Read more on The Guardian Australia – Business →

9:41

Swipe Aussie news like TikTok — minus the noise

Swipe quick summaries and turn on breaking news alerts, so you always know what happened — in Glance.

← Back to Glance