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According to the Food and Agriculture Organization of the United Nations (FAO), the global food price index fell for the fifth consecutive month in August after reaching a record high earlier in the year. This is due to the resumption of grain exports by Ukraine helping to improve food supplies.
The food price index averaged 138.0 in August, down from 140.7 in July, a revised figure.
The food price index for August fell from a record high of 159.7 in March when the food price index soared.
However, the price index for food in August was still 7.9% higher than in the same month a year earlier.