(See “ pink sheet” data for agricultural commodity and food commodity prices indices, updated monthly.)Īccording to the most recent AMIS Market Monitor released on November 3, uncertainty surrounding the Black Sea Grain Initiative continues to affect international grain prices, as reflected in sharp increases in average maize and wheat prices in October.Īfter an 18% increase in 2022, the World Bank’s food price index is forecast to decline by 6% in 2023 and stabilize in 2024. Rice prices were 10% higher year on year but 14% lower than in January 2021. Rice has remained remarkably stable, closing at the same price as two weeks ago. Wheat and maize prices were 5% and 19% higher year on year, respectively, and 25% and 29% higher, respectively, than in January 2021. The agricultural, cereal, and export price indices closed at levels similar to those of two weeks ago, with the agricultural index closing at the same level, the cereal index down 2%, and the export index up 1%. The share of high-income countries with high food price inflation has risen to 86.8%.ĭownload the latest brief on rising food insecurity and World Bank responses Information between July to October 2022 shows high inflation in almost all low-income and middle-income countries 83.3% of low-income countries, 90.7% of lower-middle-income countries, and 95% of upper-middle-income countries have seen inflation levels above 5%, with many experiencing double-digit inflation. Domestic food price inflation remains high around the world.
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