World Food Prices Rise for 4th Month The FAO Food Price Index edged up 0.5% to 127.5 points in November 2024, reaching its highest value since April 2023. Prices of vegetable oils soared 7.5% to hit the highest level since July 2022, driven by higher quotations for palm, rapeseed, soy an...
The FAO said its broad Food Price Index rose by 3 percent compared to August levels, marking the largest month-on-month increase since March 2022, when food prices spiked due to energy and supply disruptions related to the start of the Russia-Ukraine conflict. This time, various factors contr...
The UN's food and agriculture agency says world food prices saw a significant leap in March due to the Russia-Ukraine conflict. As Russia and Ukraine are both major producers of wheat and coarse grains, the conflict has led to reduced exports and increased the cost of tra...
The increases are a result of supply constraints driven by difficult-to-predict variables— high energy prices, geopolitics and weather—but analysts with Morgan Stanley Research are forecasting that food prices will peak in 2022 and start falling in 2023. “While we recognize investor concerns that...
The U.S. Department of Agriculture's data show that grocery costs rose 13% from July 2021 to July 2022, and predict a continued increase of another 10% in 2023. The AARP Policy Institute recently published a report showing that in 2018, the majority of adults over 50 whose income qualifie...
The main findings are as follows: (1) food prices in online shops are less sticky than in traditional shops; (2) the scale of percentage price changes is also smaller in online shops, and price increases and price decreases are both smaller in absolute terms compared to traditi...
So where does the money from those price hikes go? A report from the Government Accountability Office this week breaks down the various pressures on food prices while putting the recent inflation into context. According to the GAO, there were kinks all along the journey of food, from farm to...
Fig. 1. General price and food price indices, and food price inflation in Niger between 2010 and 2022. Source: Food and Agricultural Organization Statistics, consulted on December 18th, 2023. Note:The graph presents Consumer Prices for Food Indices and General Indices, both set at the base yea...
2005 to 2023 Supplementary notes Household final consumption expenditure. Figures based on current prices and are seasonally adjusted. Citation formats Citation formats View options Other statistics on the topicFood shopping behavior in the UK ...
“Chicago officials revealed Tuesday they’re considering opening public markets across the city, pivoting from their 2023 concept of creating a single municipal-owned grocery store.” The original report recommendation was for a proof-of-concept grocery store, possibly leading to 3 new stores, all...