Food prices are falling since last year's peak

Food prices decreased 2.2 percent globally, since the beginning of 2008. According to the food price index of Economist, prices decreased by 25 percent since the peak last July globally.

According to the statistics of Economist, the price of wheat decreased by more than 30 percent since January of 2008, which is very important in the evolution of the food price index, because among the components of  the index, wheat has the largest weight. The price of rice decreased by nearly 50 percent since the April of 2008 but there is still 150 percent more expensive than the beginning of last year. But sugar prices could increase in the recent months – reports Portfolio.hu.