Author: Valentina Stoevska

Valentina Stoevska
Valentina Stoevska is a Senior Statistician in the ILO Department of Statistics.
consumer prices

COVID-19 is driving up food prices all over the world

The COVID-19 pandemic, along with the associated lockdowns, mobility restrictions and physical distancing rules, has not only led to a significant increase in unemployment and considerable income losses for many people, but has also altered the spending patterns of consumers and the level of price inflation that they face. In particular, the lockdown measures have affected the supply of and demand for certain products and, hence, their prices.