1 day ago
Global Food Prices Reach Highest Level Since 2022
The FAO Food Price Index tracks changes in the prices of important foods traded around the world.
In August, the index reached 133.3 points.
In July, it was revised to 130.8 points.
This means the overall measure increased between July and August.
Cereal prices rose by 2.2% during August.
Cereal prices were at their highest level since May 2024.
Vegetable oil prices rose by 0.6%.
Vegetable oil prices reached their highest level since June 2022.
The report’s headline says war and weather are raising concerns about food prices.
The FAO Food Price Index rose to 133.3 points in August from a revised 130.8 in July.
The index tracks monthly changes in a basket of internationally traded food commodities.
FAO’s cereal price index increased 2.2% in August from the previous month.
The cereal price index reached its highest level since May 2024.
The vegetable oil index rose 0.6% to its highest level since June 2022.
- Who
- The Food and Agriculture Organization, through its Food Price Index.
- What
- Global food prices rose in August, with cereal and vegetable oil prices increasing.
- Where
- In international markets for traded food commodities.
- When
- In August, compared with July; the index figures were released for that month.
- Why
- The headline attributes the concerns to war and weather.
Key facts
- August Food Price Index
- 133.3 points
- July Food Price Index
- 130.8 points, revised
- Cereal price change
- Up 2.2% from July
- Cereal price milestone
- Highest level since May 2024
- Vegetable oil price change
- Up 0.6% in August
- Vegetable oil price milestone
- Highest level since June 2022
Sources
Related news
World Food Prices Hit Highest Since 2022 Amid Supply Risks
India's food inflation rises to 5.52% in July
War and Weather Push Up Global Food Prices
French Harmonised Inflation Rises to 2.7% in August
Wheat Prices Reach Three-Year High as Black Sea Crisis Deepens
US Diesel Prices Hit Record High Amid Iran War
Europe’s Earlier Harvests Expose Rising Climate Risks for Crops
India's Sugar Price Rise Exposes Wider Economic Tensions
Chef Anahita Dhondy Champions Millets Through Her New Grain Cookbook
