Global Food Price Inflation Crisis
The developments in this story so far, most recent first.
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Development
Global Food Prices Rise to Three-Year High as Supply Fears Build
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· date approximate Background
The FAO Dairy Products Price Index was 24.8% lower in July 2026 compared to July 2025, indicating a sustained downward trend in dairy prices over the prior year.
In July 2026, the FAO Dairy Price Index recorded a 24.8% decline compared to July 2025. This decrease extended a downward trend that had been observed since April.
The decline in dairy prices was driven by falling prices for butter and milk powder, despite a slight increase in cheese prices.
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· date approximate Background
The FAO Food Price Index peaked in March 2022 at a level 29.1 points higher than in July 2026.
Global food prices reached an all-time high in March 2022.