The 132.4 points achieved by the FAO index in December 2022 are already lower than those of December 2021. Back then it had a value of 133.7 points. “The decline in the index in December was driven by a sharp decline in vegetable oil prices, along with some declines in grain and meat prices. It was partially offset by moderate increases in sugar and dairy prices- dairy”. – comments the FAO on the latest results.
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The record was broken in March
This is the ninth consecutive drop in the index. He achieved a record result after the start of the Russian invasion of Ukraine in March 2022, so he reached 159.7 points.
The FAO Food Price Index is a measure of the monthly changes in international prices of a basket of food products, it has been recorded since 2004. It is the average of the following price indices: meat, dairy products, cereals, vegetable oils and sugar, weighted by average export shares of each group in 2014-2016.
In Poland, food is even more expensive
Despite the decline in the value of the FAO index, experts predict it food prices in Poland will not stop and will continue to rise. Data collected by “Rzeczpospolita” among research companies, retail chains and industry associations show that dairy products and vegetable fats it could increase by at least 20-30% this year. A little less bread, meat and alcohol. The cheapest vodka will cost around 30 PLN for half a litre.
Also, the increases won’t omit fruits and vegetables. Especially the imported ones. prof. Konrad Raczkowski, director of the UKSW World Economy Center, is true it does not expect such drastic price jumps as in 2022.but that is because the food is already very expensive.
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