We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Balanced Reporting. Trusted Insights.
Thursday, April 03, 2025
An index of global food commodity prices dropped for the 10th straight month in January on declines in the cost of vegetable oils, dairy products and sugar.
A measure of world prices for food commodities fell for the ninth consecutive month in December, driven by a sharp drop in the cost of vegetable oils and softer prices for meat and grains.
USDA economists are increasing their estimate of food price inflation this year and for 2023, saying that prices will rise more slowly next year but still above the historical average.
Supermarket prices rose another 0.7% last month, driven by continued increases in nearly every category in the store, and food costs are now up 13% over the past year.
A measure of world food commodity costs fell for the sixth month in a row in September, led by lower prices for vegetable oils and dairy and meat products that offset gains in grain markets.
FAO's gauge of global food prices fell for the fifth consecutive month in August, led by continued softening in wheat markets, but remained 7.9% above its level a year ago.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
U.S. supermarket prices jumped 1% in June, led by continued increases in the cost of dairy and bakery products as well as fats and oils, helping fuel another 1.3% surge in the country's overall cost of living.
