Food inflation

South Africa's major cities experienced peaceful anti-migrant protests, with the government deploying police and military resources to manage the demonstrations. However, the protests highlight underlying economic vulnerabilities, including 30% unemployment, rising food inflation, and a struggling informal retail sector. The government faces pressure to enforce mass deportations and workplace quotas as part of a rolling campaign by protest leaders.

Iranians face war fatigue and economic hardship as ongoing conflict and U.S. strikes exacerbate food inflation, business closures, and daily struggles. Recent U.S. military actions and stalled peace talks heighten anxiety, with many desperate for an end to the turmoil.

Ministers are considering suspending a carbon tax on fertilisers, set to begin early next year, as part of a package to reduce food inflation. Measures also include pausing import tariffs on foods like bread, biscuits, and bananas.

Memorial Day weekend cookouts will cost significantly more this year, with burger prices up 20% compared to last year. The article provides five budgeting tips to help hosts manage increased food costs while hosting their BBQ celebrations.

Supermarket prices for beef, milk, and sweets are rising fastest, with experts warning food inflation could reach 10% this year due to the Iran war. The surge in costs highlights growing economic pressures linked to geopolitical tensions.

The FAO warns of a potential global food 'catastrophe' if the Strait of Hormuz remains disrupted, citing vulnerabilities in global agriculture to waterway blockages. Such disruptions risk escalating commodity prices and triggering food inflation worldwide.