Since peaking earlier this year, international food prices have returned to levels last seen prior to the Ukraine war. However, prices of most foodstuffs remain high and continue to be under upward pressure from a range of factors, including low stock-to-use ratios for some commodities, high energy and fertilizer costs, poor weather in several key producing countries, and risks associated to the unresolved conflict in Ukraine. With a majority of countries experiencing food price increases between 10 and 30 percent over the previous year, domestic food price inflation is particularly worrisome, especially for the poor who spend a higher share of their disposable income on food.