JPMorgan sees global food price inflation reaching 5% y/y in H1 2027 as UN food index hits highest since late 2022

JPMorgan expects global food price inflation to reach about 5% year-on-year in the first half of 2027, up from 2.8% a year earlier, warning food costs could keep inflation elevated even if oil prices ease. The UN food price index has risen to its highest level since late 2022.

Detected & updated continuously · Source: Nebula