Food prices rise to near-record high as inflation accelerates
World food prices rose to near a record high in April as grain costs advanced, adding pressure to inflation that is accelerating from Beijing to Brasilia and spurring central banks to raise interest rates.
Food inflation surged yet again to 9.41 per cent for the week ended September 24 from 9.13 per cent in the previous week as prices of almost all edibles continued to soar on an annual basis despite a good monsoon this year.