Global inflationary pressure poses threat to cocoa demand – Businessamlive

BY ONOME AMUGE

The month of May was marked by inflation spikes across the European Union as monthly inflation rates rose 8.1 percent, representing the highest level of monthly inflation rates reached over the last decade. The US economy also suffered a similar fate as consumer prices jumped 8.3 percent amid surging energy and food prices fuelled in part by the ongoing Russia-Ukraine war.

This…