Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 === 5. Food Prices ===
 Past Developments: [[Food Market]]
+*The '''FAO Food Price Index*''' (FFPI) averaged 123.9 points in July 2023, up 1.5 points (1.3 percent) from June but remaining 16.6 points (11.8 percent) below its value in the corresponding month last year.<ref name=":1">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
-* 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 FFPI’s rebound in July was led by a solid rise in the vegetable oils price index, partially offset by a significant decline in the sugar price index, together with small decreases in the price indices for cereals, dairy and meat.
-* 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===
 Past Developments: [https://www.investmentwiki.org/wiki/Energy_Industry#Price_Developments Energy Industry]