Prices soaring everywhere: From beans in Brazil to pork in China

In Canada, another large exporter of wheat, a 500g package had risen by 60 cents in July from the same month last year, to C$3.16, according to official data.

In Thailand, the price for instant noodles, which is controlled by the state, rose for the first time in 14 years in August – a 17 per cent increase to 7 bahts (US$0.20).

The price of the corn flour used to make tortillas in Mexico – a staple used for tacos and other dishes – is up by around 13 per cent from last year and contributing to two-decade high inflation.

Pinto beans, a Brazilian staple, cost nearly 23 per cent more in August than at the same time last year.

MEAT

With grain more expensive, feeding livestock has become costlier and farmers have in turn raised their prices.

Pork, the most popular meat in China, cost 22 per cent more in August than last year.

Chinese authorities are considering tapping into their strategic reserves of pork for a second time this year in order to stabilise prices.

In Argentina, ground beef patties are popular as their prices have traditionally been low, but these have shot up by three quarters in the past 12 months.

The country currently has one of the highest inflation rates in the world at 56.4 per cent over the first eight months of the year.

In Europe, it is chicken prices that have taken wing as farmers have had to contend with bird flu in addition to cost pressures. Wholesale prices were up by a third in August from the same month last year.

BEER

Brewers have been hit with not only rising grain prices, but also for the aluminium cans and glass bottles for their beer.

These are 70 per cent more expensive than before the war in Ukraine, according to the trade association of European brewers.

Heineken, the world’s second-largest brewery group, hiked its prices by an average of 8.9 per cent over the first half of this year.

According to estimates by Bloomberg, AB InBev, the world’s top brewer whose beers include Budweiser and Corona, has increased its prices by eight percent.

In Britain, the cost of a pint has risen above £4 (US$4.6), the highest price since 1987, according to Britain’s Office for National Statistics.

NEWSPAPERS

Paper prices have climbed as demand has risen following the end of COVID-19 lockdowns. Printing is an energy-intensive process.

Several French dailies raised their prices earlier this year, as have a number British newspapers like the Sun, the Times and Sunday Mail.

Others have reduced their number of pages.

In Europe overall, the prices of newspapers were 6.5 per cent higher in July, according to official data.

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