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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Food inflation in world’s rich nations falls to pre-Ukraine war levels

Oestermalms Saluhall in Stockholm, Sweden
Sweden was among the countries with the largest monthly declines in food inflation. Photograph: imageBroker/Alamy

Food prices across the world’s richest nations rose in February at the slowest rate since before the Russian invasion of Ukraine, according to figures that show easing inflationary pressures on households.

The Organisation for Economic Co-operation and Development (OECD) said food inflation declined for the 15th consecutive month across its 38 member countries from 6.3% in January to 5.3% in February.

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