The Food and Agriculture Organization of the United Nations reported last week that the international food price index hit an all-time high in February. Food prices are up 24% from one year ago.
And it’s only going to get worse. The FAO Food Price Index* (FFPI) averaged 140.7 points in February 2022, up 5.3 points (3.9 percent) from January and as much as 24.1 points (20.7 percent) above its level a year ago. This represents a new all-time high, exceeding the previous top of February 2011 by 3.1 points. The February rise was led by large increases in vegetable […]
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