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FAO Food Price Index

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Rising food prices are a concern but no reason for panic yet

Jun 18th, 2021 • by Sara Gustafson, Joseph Glauber, Manuel Hernández, David Laborde, Brendan Rice and Rob Vos

Global food prices are on the rise. FAO’s Food Price Index indicates prices in international markets have risen by 40 percent from a year ago (May 2020). Prices of vegetable oils in particular have surged, showing an increase by almost 110 percent over the past year. Other commodity prices, like those for metals, oil, and other minerals prices also have shown sustained increases since mid-2020.

How concerned should we be?

FAO Food Price Index Continues to Surge

Jun 7th, 2021 • by S. Gustafson

The FAO Food Price Index continued to surge in May, rising 4.8 percent from the previous month. Prices are now 38.9 percent higher than May 2020 and the highest seen since September 2011. This twelfth consecutive month of increases also brings the Index just 7.6 percent below the record highs of February 2011.

 

FAO Food Price Index Continues Nine-Month Climb

Mar 8th, 2021 • by S. Gustafson

The FAO Food Price Index continued to climb for the ninth consecutive month. Food prices rose by 2.4 percent in February to reach the highest levels seen since July 2014.