The climb to food price peak in two charts

These charts describe the 12-month rise in two indices: FAO’s Food Price Index, whose all-time high is the cause for so much alarm, and the IMF’s commodity index for food, which is less often referred to for food price burden impacts, but is no less important.

The FAO Food Price Index, comparative rise over 12 months for 2010 Feb to 2011 Jan and for 2007 Jul to 2008 Jun.

We see the index movements until the 2008 peak and the current peak of the FAO index and of the IMF food index (below). Over a year’s rise they are similar, but the worrying factor is the base for the 2010-11 rise, which is higher in both.

The IMF Commodity (Food) Price Index, comparative rise over 12 months for 2010 Feb to 2011 Jan and for 2007 Jul to 2008 Jun.

Advertisements