Global Food Prices Post Biggest Annual Drop Since 2015
- Steep drop in raw prices could indicate relief for consumers
- Fall in wholesale prices take time to feed through to retail
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Global food prices posted the biggest annual drop since 2015, amid signs that lower wholesale food prices are starting to feed through to supermarket shelves.
An index of food-commodity prices created by the United Nations’ Food and Agriculture Organization fell about 10% in 2023, according to data released on Friday.