Episode 19: Food prices reach highest level in a decade

Food prices hit a 10-year high worldwide, according to the Food and Agriculture Organization of the United Nations (FAO)’s food price index. U.S. companies are feeling the pinch, resorting to increasing prices to offset their costs to purchase goods and deal with labor and transportation problems.

The FAO index measures the monthly change of international prices of five food commodity prices, including cereals, vegetable oil, dairy, meat and sugar.

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