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Is food price inflation really subsiding?
Almost a year after the February 2022 Russian invasion in Ukraine, fears of a period of sustained high global food prices have subsided somewhat, but eight major concerns for food security remain.
Cereal, Vegetable Oil Prices Reached Record High in 2022: FAO Food Price Index
The FAO Food Price Index continued its nine-month decline in December 2022, falling by an additional 1.9 percent. The decline was driven mostly by falling vegetable oil, cereal, and meat prices. However, overall in 2022, the Index was over 14 percent higher than its 2021 level, reflecting continued high prices driven by conflict, climate, and market concerns.
The global food price crisis threatens to cause a global nutrition crisis: New evidence from 1.27 million young children on the effects of inflation
Frequent food crises with spiking prices have become the new normal in the 21st century, bringing urgency to the task of understanding their nutritional impacts on poor and food insecure populations. In a new analysis of 1.27 million children in 44 low- and middle-income countries (LMICs) we show that exposure to food inflation in the womb and first years of life is associated with greater risks of child wasting in the short run and stunting in the long run.
FAO Food Price Index Released
The FAO Food Price Index held steady in November and was only 0.3 percent above its November 2021 level. Rising vegetable oil prices were checked by declines in cereal prices.
FAO Food Outlook Sees Surging Food, Agricultural Import Bills
The latest Food and Agriculture Organization of the United Nations (FAO) Food Outlook, released on November 11, 2022, sees continued challenges for global food security due to high energy and fertilizer costs, climate change, trade restrictions, economic downturns, and continuing conflicts around the world.