Food prices surged after Russia's invasion of Ukraine, driving the U.N. food agency's average price index to the highest level on record.
PARIS -A surge in the cost of most food commodities last year, as the disruption caused by Russia's invasion of Ukraine raised concerns of shortages, sent the U.N. food agency's average price index to the highest level on record.
The index had already gained 28% in 2021 from the previous year as the world economy recovered from the impact of the pandemic. In December the benchmark index fell for the ninth consecutive month to 132.4 points, compared with a revised 135.00 points for November. The November figure was previously given as 135.7 points.
The decline in the index in December was driven by a drop in the international price of vegetable oils, together with some declines in cereal and meat prices, but mitigated by slight increases in those of sugar and dairy, the FAO said.
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