Food Prices Rising 2024. What is going on with food prices? More than 80% of consumers perceive that food prices have increased a little or a lot over the last 12 months, according to the may 2024.

How food prices have changed over the past four years. » the fao food price index* (ffpi) stood at 120.7 points in august 2024, marginally down from its revised figure for july, as decreases in the price indices for sugar, meat and cereals outweighed increases in.