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Consumer Price Index: Difference between revisions
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=== 5. Food Prices === | === 5. Food Prices === | ||
Past Developments: [[Food Market]] | Past Developments: [[Food Market]] | ||
CPI food at home prices are highly directionally correlated to on a 6-month lagged basis. | |||
*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 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 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 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. | ||