Food Price Index: Global food prices in November held steady

Global food prices in November held steady from the prior month. Price increases for vegetable oils, dairy, and sugar all helped play a role.

The Index averaged 120.4 points, which is unchanged from October’s revised index. It is nearly 11 percent lower than its level from a year ago.

Cereal was down 3 percent from October and nearly 20 percent from a year ago.

Vegetable oil was up 3.4 percent, with the dairy index up 2.2 percent. That is the second straight month of increases.

Meat was down less than a percent, with sugar up 1.4 percent.

The index measures the monthly change in the price of food commodities around the globe.