Increase in Food Prices Becomes the “Latest Global Pandemic”

Over the past few months, food prices have continued to rise steadily in what some analysts have termed the "latest global pandemic."

The continued rise in the prices of food was mostly a third-world scenario. Developed nations always managed to control inflation rates. With controlled inflations, food price hikes were a rare feature. But the story is now different. Internationally, consumers can feel the pinch of a spike in food costs.

Impact of COVID-19

Before COVID-19, prices of goods and commodities were stable. People could use their computers and smartphones to order anything they wanted. Their orders were promptly delivered to their doorsteps. But as soon as the pandemic hit the globe, things took a dramatic turn. Workers stayed at home, and companies closed. Cities turned...

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