Export food prices stable across globe, reports World Bank
The agricultural, cereal, and export price indices were stable over the past 2 weeks, with the agricultural index closing at the same level as 2 weeks ago, the export index up by 2 percent, and the cereal index down by 1 percent.
Maize prices closed 1 percent higher than 2 weeks ago, wheat prices 2 percent lower, and rice prices 5 percent lower, according to a report on World Bank newsletter.
Maize prices were 2 percent lower than the January 2022 average, wheat prices 4 percent higher, and rice prices 5 percent higher. The maize and wheat price indices were 16 percent and 22 percent higher, respectively, than the January 2021 average, and the rice price index was 14 percent lower.
Domestic food price inflation (measured as year-on-year change in the food component of a country’s Consumer Price Index (CPI)) remains high.
Information from the latest month between March and June 2022 for which food price inflation data are available shows high inflation in almost all low-income and middle-income countries; 93.8 percent of low-income countries, 89.1 percent of lower-middle-income countries, and 89 percent of upper-middle-income countries have seen inflation leve