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Africa Food Security Brief - Recent Trends in Global Food Prices - Issue 2
The FAO publishes a global Food Price Index (FPI) which measures monthly price changes for a basket of food commodities comprising meat, dairy, cereals, oils, fats, and sugar. The index fell to an 11-month low in October 2011, down to 216 points. This represents a 4 percent or nine-point decline from its September level. This is 9 percent below the peak of 238 reached in February 2011, though prices recorded for October were still some 5 percent higher than in the corresponding period last year.