Sugar price index up YOY: FAO’s sugar price index was up 11.1 percent YOY in August (adjusted for inflation). This marks the fifth straight month of YOY gains after nearly two years of declines.
For 2019 to date, the Sugar price index is still down 0.3 percent. The Sugar price index has been down an average of 1.7 percent annually in the last five years.
Food Price Index up for third month: The aggregate Food Price Index was up 1.1 percent YOY in August but is still down 1.2 percent for 2019 to date. Over the last five years, the Food Price Index has been down by an average 1.4 percent annually.
For 2019 to date, the only two price index components showing gains are Meat, up 0.8 percent, and Dairy, up 2.1 percent. No price index has been up in more than two of the last five years, and two price indexes, Oils and Sugar, have been down each of the last three years. Out of the five subindexes, only dairy has seen average growth in the last five years, up 0.9 percent annually.
Note: All figures used are adjusted for inflation.
FAO food price index history (inflation adjusted)
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