Food prices around the world peaked in 2021

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According to a UN food agency statement on Thursday, after four consecutive monthly gains, world food prices declined in December, but jumped 28% from 2021 to the highest average since 2011.

The food price index of the Food and Agriculture Organization of the United Nations (FAO), which tracks the international prices of the most traded food commodities globally, had an average of 133.7 points last month, compared to a revision of 134.9 for November.

The monthly index has been running at 10-year highs, reflecting harvest setbacks and strong demand in the last year. The benchmark index averaged 125.7 points in 2021, up 28.1% from 2020 and the highest since 131.9 in 2011.

According to the agency, with With the exception of dairy, prices for all categories on the food price index declined in December, with vegetable oils and sugar falling significantly, the agency said.

All categories showed sharp increases throughout 2021. Higher food prices also contributed to a broader rise in inflation as economic activity recovers from the corona virus crisis.

According to The Jerusalem Post, FAO has warned that higher food costs in import-dependent countries are putting the poorest populations at risk .

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