In my country there are almost no hikes in prices, Indonesia is a rich country in foodstuffs, but Indonesia still imports foodstuffs like sugar and rice, I believe this is politics.
the only problem is that it is difficult to earn income this year, the pandemic has made almost all trading chaotic.
My country increases some of the food price and some are in stable. Most of the countries are importing other products. I don't know why our government doesn't support our local farmers here. If the did support us, probably we will not have price hike in foods.
Most of the businesses are closed and only few actual jobs are available, it's really hard to earn income right now.