A vendor selling vegetables waits for customers at his stall at a market in Mumbai December 12, 2013. Sharply higher food prices drove India's annual consumer price inflation to a higher-than-expected 11.24 percent in November from 10.17 percent in October, government data showed on Thursday. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS SOCIETY FOOD)
World food prices fell in December from the month before, as dairy, vegetable oils and sugar values declined sharply, the United Nations food agency said on Thursday.
The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 169.8 points in December, down 3.3 per cent from November.
In 2017 the index averaged 174.6 points, up 8.2 per cent from 2016, reaching its highest annual value since 2014 although food on international markets was still 24 per cent cheaper than in 2011.
Published on January 11, 2018
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