FAO Food Price Index falls slightly during October
Published on November 9, 2012 at 5:57 AM
The U.N. Food and Agriculture Organization's (FAO) Food Price Index, "which measures monthly price changes for a basket of cereals, oilseeds, dairy, meat and sugar," fell slightly in October, "largely because of falling cereals and oils prices, the United Nations food agency said on Thursday," Reuters reports (11/8). According to an FAO press release, the index "averaged 213 points in October 2012, down two points (one percent) from September." Prices of cereals and oils fell, while the prices of sugar and dairy increased and meat prices remained stable, the press release notes, adding, "Food prices averaged eight percent lower during the first 10 months of this year compared to the same period last year" (11/8).
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.