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mmayr

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mmayr

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Saturday, 03/05/2022 9:05:34 PM

Saturday, March 05, 2022 9:05:34 PM

Post# of 40898
Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says

ROME, March 4 (Reuters) - (This March 4 story corrects to replace year-on-year pct change in headline and first paragraph to 20.7% from 24.1% after FAO issued an official correction)

World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday.

The Food and Agriculture Organization's (FAO) food price index, which tracks the most globally traded food commodities, averaged 140.7 points last month against a downwardly revised 135.4 in January. That figure was previously given as 135.7.

Source: https://www.reuters.com/world/food-prices-hit-record-high-february-un-agency-says-2022-03-04/?taid=62237c2407024b0001560037

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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