Global food prices ease from record levels offering respite, says UN

Food prices still remain very high and, along with expensive fuel, are contributing to a cost-of-living crisis that’s led to worker strikes in some countries

A United Nations index of world food costs slipped 2.3% last month.

Global food prices dropped from near a record amid prospects for fresh supplies and fears about a recession, potentially offering some respite to strained households.

A United Nations index of world food costs slipped 2.3% last month. While it will take time to filter through to supermarkets, it could be good news for consumers who are also being squeezed by high prices of everything from energy to motor fuel to clothing.