FAO reports that its Food Price Index (FPI) fell in May for the fourth consecutive month, bringing the Index to its lowest level since December 2018, a 17-month low.

Adjusted for inflation, May’s FPI fell 2 percent from April and was down 6 percent YOY.

Year on year, sub-indexes are down—meat, down 3 percent; dairy, down 19 percent; sugar, down 11 percent—or up only marginally—cereal, up less than half a percent; oils, up 1 percent.

From March through May, every sub-index saw declines month on month except for the sugar sub-index, which did recover some ground in May.

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FAO Food Price Index (deflated)

Source: FAO
Posted by: Information Services
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