Food Price Inflation Is Proving Stubbornly Persistent: FT

There is perhaps no political variable more important throughout history than the price of food. No government, whether democratic or dictatorial, will be seen as legitimate by people who cannot afford to feed their families. So it is bad news that just as the price of energy is coming down from its extreme peaks last year, and households are beginning to feel that particular pinch loosen, food price inflation in much of the world remains stubbornly high.