Global Food Prices Surge as Inflation Spreads

SÃO PAULO—Earlier this year, Celia Matos, a solitary mother from São Paulo’s Paraisópolis favela, could find the money for to invest in the basics to feed her spouse and children. Now, she suggests, with the value of meat and other foodstuff up by thirty%, she frequently goes to mattress hungry so there will be plenty of rice and beans for her four children.

“It’s humiliating,” claimed Ms. Matos, 41. “Sometimes I just want to cry…I invest in gas to cook and then I can’t find the money for foods, or if I invest in foods then I never have cash to invest in soap.” She claimed she can’t even find the money for the butcher shop’s leftover bags of bones.