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Commodities Buzz: FAO Food Price Index Eases For Fifth Consecutive Month

5 Sep 2022 , 01:14 PM

The FAO Food Price Index (FFPI) averaged 138.0 points in August 2022, down 2.7 points (1.9 percent) from July, registering its fifth consecutive monthly decline. Despite the latest drop, the index remained 10.1 points (7.9 percent) above its value a year ago. All the five sub-indices of the FFPI fell moderately in August, with monthly percentage declines ranging from 1.4 percent for cereals to 3.3 percent for vegetable oils. Powered by Commodity Insights

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