Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 Past Developments: [[Food Market]]
-* The '''FAO Food Price Index*''' (FFPI) averaged 124.3 points in May 2023, down 3.4 points (2.6 percent) from April and as much as 35.4 points (22.1 percent) from the all-time high it reached in March 2022,
+* The '''FAO Food Price Index*''' (FFPI) averaged 122.3 points in June 2023, down 1.7 points (1.4 percent) from May, continuing the downward trend and averaging as much as 37.4 points (23.4 percent) below the peak it reached in March 2022.
-* The decline in May was underpinned by significant drops in the price indices for vegetable oils, cereals and dairy, which were partly counterbalanced by increases in the sugar and meat indices.<ref>https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
+* The month-on-month decline in the index in June reflected drops in the indices for sugar, vegetable oils, cereals and dairy products, while the meat price index remained virtually unchanged.<ref>https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
 ===6. Energy===