In December 2019, the FAO Food Price Index (FFPI) saw growth of 12.5 percent YOY (all figures adjusted for inflation). The FFPI saw YOY in the seven months from July through December, allowing the index to close 2019 down just 0.2 percent YOY.

Of the five component subindexes, Meat and Dairy saw gains in 2019, up 3.7 percent and 1.0 percent, respectively. Of the remainder, Oils was down 8.0 percent YOY, Cereals was down 2.5 percent, and Sugar nearly broke even at down 0.4 percent.

While Meat saw gains in the last three quarters of 2019, most other subindexes had a more checkered year. Except for Cereals (down 2.1 percent) and Sugar (up 6.0 percent), all other subindexes saw double-digit growth in December.

FAO Food Price Index

Source: FAO
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