Not only in Indonesia, it turns out that the price of bread in the US has also flown

Published 2022년 7월 15일

Tridge summary

The article highlights the global impact of rising food prices, with the United States experiencing an inflation rate of 9.1% in June 2022, marking a significant increase in the Consumer Price Index for baked goods and all food at home. The surge in food prices is largely due to the ongoing Ukraine-Russia conflict, which has disrupted food shipments from two major wheat suppliers. Both countries are in discussions with the UN and Turkey to re-establish food delivery routes. Indonesia, which imports wheat from Russia and Ukraine, has seen concerns about potential price hikes in bread and noodles due to the supply shortage.

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

Original content

Jakarta, CNBC Indonesia - The high increase in food prices has hit the world. Starting from Indonesia to the United States (US) were also affected by the heating up of commodity prices. Where, US inflation in June 2022 exploded to 9.1% on an annual basis. In data presented by the US Department of Labor's Bureau of Labor Statistics, the Consumer Price Index for baked goods such as bread and cereal products increased 2% in June. "The June Index for Cereals and Bread Products before seasonally adjusted was 326.4% from the 1982-198484 average, up 13.8% from a year ago. For all food at home, the June index was 288.9, up 12, 2% from June 2021," wrote a media report highlighting food issues, World Grain, Friday (15/7/2022). The overall food index was also much stronger than last year, posting a 10.4% year-over-year gain. This increase was the sharpest year-on-year increase in the food index since a 10.5% increase in February 1981. The increase in wheat-based food itself is known to occur ...

Source: Cnbcindonesia