CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For the year 2020, what is the food price index?
A
97.9 point
B
90.5 point
C
80.50 point
D
80 point
Explanation: 

Detailed explanation-1: -The FAO index has exhibited huge volatility in the last two years through the Covid-19 pandemic and now the Russia-Ukraine war. The index had crashed to a four-year low of 91.1 points in May 2020, due to demand destruction triggered by pandemic-induced lockdowns across countries.

Detailed explanation-2: -The Consumer Food Price Index (CFPI) in March 2020 rose by 8.76% (YoY) from an year ago. According to data released by the Central Statistics Office, the country’s CFPI in Mar 2020 was pegged at 147.8, compared to 135.9 reported in the corresponding period last year.

Detailed explanation-3: -global hunger index 2022: India ranks 107 on 2022 Global Hunger Index, behind Pakistan, Bangladesh and Nepal - The Economic Times.

Detailed explanation-4: -The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 143.7 points in 2022, up 14.3 per cent from 2021, and the highest since records started in 1990, the agency said on Friday.

Detailed explanation-5: -In 2022, the index averaged 159.3 points to break the previous high of 137.6 in 2011.

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