April Food Price Index up 30% over last year

The United Nations Food and Agriculture Organization’s Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. The index shows a significant price increase for food compared to 2020. The newest Food Price Index averaged 120.9 points in April, two percent higher than March and almost 31 percent higher than the same point last year. It’s the eleventh-consecutive monthly rise in the value of the index, which has reached its highest level since May 2014. The April rise was led by strong increases in the prices of sugar, followed by oils, meats, dairy, and cereals. The FAO Sugar Price Index averaged 100 points in April, four percent higher than March and almost 60 percent higher than the same month last year. Another big jump took place in the Dairy Price Index, which averaged 118.9 points in April, up two percent from March, the eleventh-straight month of increases. The dairy index is also 24 percent higher than the same time in 2020.