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The changing drivers of inflation - the case of food: macroeconomics, speculation, climate change and war

The inflation surge in recent years has produced profound social, economic, and political consequences. Food price changes, being part of inflation, affect low-income segments particularly strongly. This is important to consider because macro-economic and central banks’ attention is mainly on core inflation, which excludes food. What makes this period so unusual is the breadth of price pressures that involve both developing and rich countries, meaning that inflation has been getting more synchronized across borders. This study examines the driving factors behind global food price hikes and their rates of change. Our analysis reveals that a complex mix of causes has led to the soaring food prices in 2021-2022. The spread of COVID-19 produced disruptions in the world’s supply chains, pushing the cost of producing and transporting food upward. The increase in fertilizer and energy prices has further exacerbated production costs for agricultural products. Adverse climatic phenomena (La Niña), generating droughts in parts of Africa, Asia, and the Americas, caused damage to harvests and fueled inflation. The war in Ukraine and the trade blockade of grain exports made things worse. Additional culprits were speculative activities in financial markets that were already underway before the Russia-Ukraine war. Soaring inflation is increasing inequality and making vulnerable countries hungrier and poorer. At the same time, since global factors contribute to food price movements, implying that a crucial component of price inflation is exogenous to individual countries, the effectiveness of national monetary and fiscal policies could be limited. Instead, enhanced cooperation among nations with coordinated policy responses could be important to avoid the exacerbation of prices.

Entwurf des Programms der zyprischen Ratspräsidentschaft geleakt

Euractiv.de - Tue, 10/21/2025 - 15:34
Die EU-Ratspräsidentschaft wechselt alle sechs Monate zwischen den Mitgliedstaaten. Zypern übernimmt den Vorsitz am 1. Januar 2026 von Dänemark.

Press briefing - Agriculture and Fisheries Council of 27-28 October 2025

Europäischer Rat (Nachrichten) - Tue, 10/21/2025 - 15:29
Press briefing ahead of the upcoming Agriculture and Fisheries Council will take place on 22 October 2025 at 18.00.

Council greenlights Switzerland’s association to EU programmes

Europäischer Rat (Nachrichten) - Tue, 10/21/2025 - 15:29
Council adopts decision enabling Switzerland’s participation in Union programmes.

Press release - Press conference: simpler sustainability reporting and due diligence rules

Europäisches Parlament (Nachrichten) - Tue, 10/21/2025 - 15:16
On 22 October at 14.30, Parliament President Roberta Metsola and rapporteur Jörgen Warborn will brief journalists on new sustainability reporting and due diligence requirements.
Committee on Legal Affairs

Source : © European Union, 2025 - EP

Baleset történt Pozsonyban, két gyermeket szállítottak kórházba

Bumm.sk (Szlovákia/Felvidék) - Tue, 10/21/2025 - 14:15
Egy autó kedden nekihajtott egy betonoszlopnak Pozsonyban, két gyermeket kórházba szállítottak a balesetet követően.

Elfogadta a parlament a jövő évi állami költségvetési tervezetet

Bumm.sk (Szlovákia/Felvidék) - Tue, 10/21/2025 - 13:50
A parlamenti képviselők elfogadták a jövő évi állami költségvetési tervezetet. A javaslatot 79 koalíciós képviselő támogatta, 66 ellenzéki képviselő ellenezte.

EU-Parlament: Weber lässt Option auf dritte Amtszeit Metsolas offen

Euractiv.de - Tue, 10/21/2025 - 13:31
Laut einer Absprache zwischen EVP und Sozialdemokraten sollen Letztere Anfang 2027 für 2,5 Jahre die Parlamentspräsidentschaft übernehmen und Roberta Metsola ablösen.

EU plant Entwaldungs-Regeln nur für kleine Betriebe zu verschieben

Euractiv.de - Tue, 10/21/2025 - 13:20
Die Vorschläge müssen nun noch von den Mitgesetzgebern – den Mitgliedstaaten im Rat und dem Parlament – gebilligt werden. Dort sind weitere Änderungen an der Gesetzgebung möglich.

Pressemitteilung - Mehr Verkehrssicherheit durch modernisierte EU-Fahrvorschriften

Europäisches Parlament (Nachrichten) - Tue, 10/21/2025 - 12:54
Das Parlament hat überarbeitete EU-Führerscheinvorschriften angenommen, die Bestimmungen für Fahranfänger, den digitalen Führerschein und die Aberkennung der Fahrerlaubnis vorsehen.
Ausschuss für Verkehr und Tourismus

Quelle : © Europäische Union, 2025 - EP

Press release - Parliament adopts its calendar for 2027

Europäisches Parlament (Nachrichten) - Tue, 10/21/2025 - 12:53
On Tuesday, MEPs adopted a proposal by the Conference of Presidents (EP President Metsola and political group leaders) for Parliament’s 2027 calendar.

Source : © European Union, 2025 - EP

Latest news - AFET committee meetings - Committee on Foreign Affairs

Next AFET committee meeting will be held on:

  • Monday 3 November and Tuesday 4 November, room SPAAK 3C50, Brussels

Meetings are webstreamed with the exception of agenda items held "in camera".


AFET - DROI calendar of meetings 2025
AFET - DROI calendar of meetings 2026
Meeting documents
Webstreaming
Source : © European Union, 2025 - EP

Spaniens Indra ruft Paris und Berlin zur Beilegung des FCAS-Streits auf

Euractiv.de - Tue, 10/21/2025 - 10:49
Das milliardenschwere Kampfjet-Projekt steckt fest: Frankreich pocht auf Führungsrolle, Deutschland auf Gleichberechtigung – Spanien versucht zu vermitteln.

Rapporteur | 21. Oktober

Euractiv.de - Tue, 10/21/2025 - 09:43
Willkommen bei Rapporteur! Jeden Tag liefern wir Ihnen die wichtigsten Nachrichten und Hintergründe aus der EU- und Europapolitik. Need-to-knows: EU–USA: Europa ist in allem auf Amerika angewiesen Diplomatie: Bulgarien öffnet seinen Luftraum für Putin Klima: Die Kommission zerschneidet den Green Deal Brüssel im Überblick Kaja Kallas mag Europas Hohe Vertreterin für Außen- und Sicherheitspolitik sein – doch Donald […]

Co-Chairs Conclusions on Strengthening Cross-Regional Security and Connectivity

Europäischer Rat (Nachrichten) - Tue, 10/21/2025 - 09:29
Co-Chairs Conclusions on Strengthening Cross-Regional Security and Connectivity by the High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, Commissioner for Enlargement, Marta Kos, and Commissioner for International Partnerships, Jozef Síkela.

Trump’s pharma strategy ‘holds Europe hostage’, Finnish MEP warns

Euractiv.com - Tue, 10/21/2025 - 06:00
Trump’s deals with Pfizer, AstraZeneca, and Merck expose risk to EU

Spain’s Indra calls on France and Germany to end FCAS deadlock

Euractiv.com - Tue, 10/21/2025 - 06:00
‘Everybody has a responsibility to make this project succeed,’ says Indra’s CEO

Co-Chairs Conclusions on Strengthening Cross-Regional Security and Connectivity

Európai Tanács hírei - Mon, 10/20/2025 - 21:29
Co-Chairs Conclusions on Strengthening Cross-Regional Security and Connectivity by the High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, Commissioner for Enlargement, Marta Kos, and Commissioner for International Partnerships, Jozef Síkela.

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