What happened to the food prices?

Answer 1

Food prices have been steadily increasing since the 1970s due to a variety of factors. These include:

• The global population growth leading to increased demand for food
• The rising cost of production and labor
• The negative effects of climate change
• Changes in government agricultural policies and subsidies
• The effects of global trade and market liberalization

All of these have contributed to a rise in the cost of food making it more costly for consumers. This is especially evident in developing countries which are more vulnerable to global food price volatility due to their reliance on imported food.