Economic Buzz: World Food Price Index Falls For Second Consecutive Month In May

3 Jun 2022 , 02:33 PM

The FAO Food Price Index (FFPI) averaged 157.4 points in May 2022, down 0.9 points (0.6 percent) from April, marking the second consecutive monthly decline, though still 29.2 points (22.8 percent) above its value in the corresponding month last year, the United Nations food agency said on Friday. The drop in May was led by declines in the vegetable oil and dairy price indices, while the sugar price index also fell to a lesser extent. Meanwhile, cereal and meat price indices increased. Powered by Commodity Insights