(AP Photo/Brynn Anderson, File) If your grocery bills continue to frustrate you, you’re not alone. The Food and Agriculture Organization of the United Nations (FAO) released its report on worldwide food prices for February, and prices hit a record high last month. The February FAO Food Price Index (FFPI) reached a new high of 140.7 points, which reflects an increase of 3.9% over January and a whopping 20.7% over this time last year.
The FFPI serves as a “measure of the monthly change in international prices of a basket of food commodities,” notes the FAO. This month’s increase was largely […]
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