Middle East war and El Nino compound rising food prices
The cost of household staples such as bread and pasta will "barely come back down" due to the combined effect of the US-Iran war and warmer winds from El Nino, a report has found. Food prices rise sharply after “major shocks” but only fall slowly and partially afterwards, leaving homes with higher g
AI Translated Summary:
The ongoing US-Iran conflict and the effects of El Nino are driving up food prices, particularly for essential items like bread and pasta. Households can expect these prices to remain elevated for the foreseeable future due to the compounded impact of these crises.
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