Inflation: Global food prices hit fresh 10-year high, UN says

| THE DEN |

Global food prices have hit the highest level in over a decade after rising by more than 30% in the last year, the United Nations Food and Agriculture Organization (FAO) says. Vegetable oil prices hit a record high after rising by almost 10% in October. Disruptions to supplies, high commodity prices, factory closures and political tensions are helping to push up prices.

The FAO said its measure of cereal prices was up by more than 22% compared to a year earlier.