Global food has its biggest price hike in 4 years

Published 2021년 10월 8일

Tridge summary

In September, Mexico experienced its highest food inflation in four years, with a significant increase in the cost of over 100 food items as reported by the National Institute of Statistics and Geography, reaching an 8.6% increase compared to the same period last year. This inflation was primarily due to factors such as the impact on crops, increased transportation costs, and heightened international demand. The foods with the most notable price increases included vegetables like serrano peppers and green beans, as well as edible vegetable oils and fats. Pork prices also surged due to increased demand from China and the United States, leading to a ripple effect in the prices of meat products. Additionally, the staple food of Mexico, corn tortillas, saw a record high increase of 15.6% in September.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Food inflation reached its highest level in the last four years, due to effects on crops in various regions of the world, transportation costs, higher international demand, among other factors. The basket of more than 100 types of food from the National Institute of Statistics and Geography became 8.6% more expensive in September compared to the same month last year, the highest increase since September 2017, when it rose 8.8 percent. The foods that increased the most were vegetables, mainly serrano pepper, whose price rose 54.4%, followed by green beans, with an increase of 50.3%, its highest increase in six years. Tomatoes became more expensive 32.3%, while edible vegetable oils and fats reported an increase of 29.2%, the most pronounced in 13 years. Considered the second most consumed meat in the country, pork showed significant increases, due to its higher international price given the growing demand from China and the United States, especially from the United States, due to ...

Source: Informador