NEW YORK -- Months into the worst inflation in decades, a new round of food price hikes is ratcheting up pressure on governments around the world. Figures released Thursday by the United Nations' Food and Agriculture Organization show a barometer of food commodity prices in November at its loftiest since June 2011 and 27.3% higher on the year.
Some of the starkest numbers out of Asia come from Turkey and Sri Lanka, where inflation is racing and governments are responding with dramatic measures that defy economic orthodoxy.
