World food prices have seen a significant increase, with coffee and oats experiencing the highest surge of 81% and 87% respectively on December 22. This price hike is due to severe weather conditions and supply chain issues impacting the production of these crops. The drought and frost in Brazil have devastated coffee crops, while moisture in the western United States has affected oat crops, leading to a decrease in supply and a subsequent increase in prices. Factors such as energy costs and supply chain disruptions have also contributed to the rise in prices. Consumers are expected to feel the impact of these price increases in the near future.