World food prices hit record high in 2022

PARIS: A surge in the cost of most food commodities last year, as the disruption caused by Russia’s invasion of Ukraine raised concerns of shortages, sent the UN food agency’s average price index to the highest level on record, according to Reuters.

The Food and Agriculture Organization’s food price index, which tracks international prices of the most globally traded food commodities, averaged 143.7 points in 2022, up 14.3 percent from 2021, and the highest since records started in 1990, the agency said on Friday.