Skyrocketing Food Costs Risk Worsening Global Hunger Crisis

The video discusses the rising cost of food and its impact on inflation, consumers, and governments. A UN index shows food prices at a decade high, exacerbating grocery bills amid the pandemic. Central banks are concerned about inflation due to factors like bad weather, soaring freight costs, and labor shortages disrupting supply chains. The energy crisis further complicates the situation, affecting agriculture and increasing fertilizer costs.

What is the current trend in global food prices according to the United Nations index?

• Prices are decreasing

• Prices are stable

• Prices are reaching record highs

• Prices are fluctuating

How are rising food costs affecting households?

• Reducing grocery bills

• Increasing grocery bills

• Decreasing inflation

• No impact on grocery bills

What is one of the concerns of central banks related to rising food costs?

• Deflation

• Inflation

• Stability

• Economic growth

Which of the following is NOT a factor contributing to the rising food costs?

• Bad weather

• Technological advancements

• Labor shortages

• Energy crisis

How has the energy crisis affected the food supply chain?

• Improved efficiency

• Increased production

• Reduced costs

• Caused disruptions