Food prices are falling in the world, rising in Turkey

World food prices fell in January for the tenth consecutive month, from the all-time high in March last year, after the war between Russia and Ukraine.

The World Food Price Index, compiled by the Food and Agriculture Organization of the United Nations (FAO), which tracks monthly changes in the prices of grains, oilseeds, dairy products, meat and sugar has decreased from 132.2 in December to 131.2 in January. since September 2021. reached the lowest level. The December Food Price Index was previously announced at 132.4.

The drop in data compiling commonly sold foods globally over the past nine months continued into January. While world food prices continued to fall, food prices in Turkey increased in January.

FOOD PRICES CONTINUE TO RISE IN TURKEY

According to TUIK data, food prices in January increased by 71 percent compared to the same period a year earlier. While annual food inflation was 71 percent, monthly food inflation was 6.62 percent.

According to data from the Istanbul Chamber of Commerce, monthly food inflation in Istanbul was 6.07 percent in January. According to Türk-İş hunger-poverty line data, food inflation in January was 9.02 percent per month and 108.57 percent per year.