The price of food, the basic necessity of life, is on the rise. Alarm is growing about rising food prices throughout the world and Pakistan is not an exemption. In Europe and America food accounts for only about one-tenth of the consumer-price index which is constantly on the rise. Inflation in food prices in emerging markets nearly doubled in 2006 to 11%; meat and egg prices in China have gone up by almost 50%. In the case of Pakistan inflation remained almost double digit. The United Nations' Food and Agricultural Organization (December 2007) says the global cost of imported food will rise to $745 billion in the current fiscal year, the highest level on record. Food prices have led to 18 percent rise in China, 13 percent in Indonesia, 11.5 percent in Pakistan, and 10 percent or more in Latin America.
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