Food price drop offers stretched household budgets some relief

Food prices had already climbed during the pandemic, and spiked even higher after the start of the war in Ukraine stifled grain exports from the country known as the breadbasket of Europe

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 grocery stores, it could be good news for consumers who are also being squeezed by high prices of everything from energy to motor fuel to clothing.