Published 10 July 2021 at 06.30
Economics. Commodity prices for food have risen by 40 percent in one year, writes SvD Näringsliv with reference to the global food price index FFPI.
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– One should not be surprised that commodity prices rise when central banks pump out money, especially if they do it as wildly as the ECB and the Federal Reserve. The purpose was to create inflation and even if it takes a while for the money to fall into the system, you basically get some kind of inflation, says Torbjörn Iwarson, until recently a commodity expert at Skandia, to SvD.
According to Iwarson, there is also a global shortage of food that contributes to price increases, while there are no conditions for increased production.