ITALY, Rome. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices, weighted with the average export shares of each of the groups for 2002-2004.
The FAO Food Price Index (FFPI) averaged 164.8 points in January 2019, up almost 3 points (1.8%) from December 2018 but still 3.7 points (2.2%) below the corresponding month last year. After three successive months of relatively stable levels, the increase in January was largely driven by a sharp rebound in dairy price quotations as well as firmer prices of vegetable oils and sugar.