Food prices decline in December following 2 very volatile years – FAO

The UN agency has published its FFPI which tracks the monthly international prices of cereals, vegetable oil, dairy, meat, and sugar.

The FFPI averaged 132.4 points in December, which is one per cent lower than the previous December 2021.

However, it averaged 143.7 points in 2022 – more than 14 per cent higher than the average value in 2021.

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