Not only in India Inflation rises to 3-year high Globally. Wheat and Milk prices are increased globally.Over the last year the price of eggs went up by 40 percent, whole milk 35 percent, and navel oranges were up by 13.6 percent in the U.S. according to a government report. Other dramatic increases included fresh chicken up by 8.4 percent, apples up by 8.7 percent, and dried beans up by 11.5 percent. Globally, prices of wheat and milk are at historic peaks. Corn and soyabean prices have also risen steeply. Wheat surpassed $9 a bushel for the first time as a 2 Consecutive droughts in Australia and Canada.
