452: When will food prices start to fall?

<div>Food inflation is a huge concern across the world.<br> <br> Over the course of 2022, food prices were on average 14.3% higher than the year before.<br> <br> In the UK, things are looking a little worse than average.<br> <br> The Office for National Statistics found that in the 12 months leading up to March 2023, food prices rose 19.2%.<br> <br> The thing is, the World Bank is reporting that, globally, wholesale prices are starting to fall.<br> <br> In this episode of the Food Matters Live podcast, we explore the implications of high food prices on consumers, businesses, and <a href="https://foodmatterslive.com/podcast/rising-inflation-what-will-it-mean-for-the-food-industry-food-podcasts/">the broader food industry</a>.<br> <br> We discuss when we might see a drop in the cost of food, and ask: "Why are food prices still so high?"<br> <br> <strong>Guests:<br> Liliana Danila, Lead Economist, the Food and Drink Federation<br> Rachelle Earwaker, Senior Economist, Joseph Rowntree Foundation</strong> </div>