word
food price index
FOOD PRYS IN-deks
fuːd praɪs ˈɪndɛksListen
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Syllable breakdown
foodpriceindex
Dictionary meaning
Measure tracking changes in the international prices of a basket of food commodities over time, used to monitor global food market trends
Examples
- The FAO Food Price Index hit record highs in 2022 following the conflict in Ukraine.
- Policymakers monitor the food price index to anticipate food insecurity crises.
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