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Food price inflation: what should we expect in the future?

In many parts of the world, the cost of living has spiked, leaving people unable to maintain their quality of life.

The cost of living crisis and in particular the high price of food - is a problem which many people are currently facing. On average, food cost 14% more last year than it did in 2021. Russia's invasion of Ukraine led to a surge in the price of many commodities, exacerbating increases during pandemic lockdowns.

China this Sunday is opening its borders which gives many opportunities not only for the tourism industry but also renewed possibility for Chinese students to study abroad. And for people from the rest of the world to study in China.

For people living and working in remote locations, the lack of phone and internet connectivity is a constant pain. Well, now companies have a plan to get rid of these so-called notspots entirely. A new generation of smartphones is expected to be able to use satellites to get a signal anywhere on Earth, allowing people to send text messages. A partnership between the satellite phone firm Iridium and the chip giant Qualcomm is due to bring satellite connectivity to new Android smartphones later in the year.

(Picture: Man holding shopping basket with bread and milk groceries in supermarket. Picture Credit: Getty Images)

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27 minutes

Last on

Fri 6 Jan 2023 15:32GMT

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  • Fri 6 Jan 2023 15:32GMT