The United Nations' global index for tracking food prices fell 1.9 percent in December after hitting an all-time high in 2022 amid drought, war, pandemic, and supply chain challenges.
The Food and Agriculture Organization of the United Nations (FAO) Food Price Index, which tracks commonly traded food commodities, averaged 143.7 points in 2022. That is down one percent from the number one year ago, but 14.3 percent above the average value in 2021.
Over that period, essential goods have seen sizable price drops. The price of vegetable oil, for example, was down 6.7 percent from November, hitting their lowest levels since before the war in Ukraine. Cereal prices, meanwhile, were down 1.9 percent from November, while meat was down 1.2 percent.
While welcoming the improvement, the United Nation is urging nations to stay vigilant to avoid the kind of global food shortages that come with higher prices.
"Calmer food commodity prices are welcome after two very volatile years," said FAO Chief Economist Maximo Torero in a news release. "It is important to remain vigilant and keep a strong focus on mitigating global food insecurity given that world food prices remain at elevated levels, with many staples near record highs, and with prices of rice increasing, and still many risks associated with future supplies"
One exception to the steady price declines: dairy products. The FAO Dairy Price Index was up 1.2 percent in December, mostly due to higher international cheese prices.
Manhattan District Attorney Alvin Bragg filed a federal lawsuit against Rep. Jim Jordan on Tuesday, accusing the Republican of a “transparent campaign to intimidate and attack” him over his prosecution of former President Donald Trump.
Nashville’s governing council voted Monday to send Justin Jones straight back to the Legislature four days after he was expelled for his role in a protest on the state House floor.
The Justice Department is calling a Texas court ruling that would halt approval of the most commonly used method of abortion in the U.S. "extraordinary and unprecedented."
Nashville city councilors will likely appoint Justin Jones to his former seat on Monday while Memphis-area county commissioners will soon announce when they'll meet to fill the vacancy left by the expulsion of Justin Pearson, which Pearson himself is eligible to fill.
Health and Human Services Secretary Xavier Becerra said "Everything is on the table" when asked if he'd recommend that the FDA ignore Friday's ruling to reverse the agency's nearly 23-year-old approval of the medication abortion drug mifepristone.
