Pages

Tuesday, February 15, 2011

higher prices - more poor

The World Bank says food prices are at "dangerous levels" and have pushed 44 million more people into poverty since last June, meaning they are surviving on the equivalent of $1.25 a day. . According to the latest edition of its Food Price Watch, prices rose by 15% in the four months between October 2010 and January this year.

The World Bank's president, Robert Zoellick, said in a statement: "Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world."

Food price inflation is felt disproportionately by the poor, who spend over half their income on food.

No comments:

Post a Comment