In March, the FAO Food Price Index from the United Nations jumped to its highest level since it was created in 1990, feeding fears that a global food crisis was rapidly taking shape. The FAO Food Price Index has declined for three consecutive months. Is the threat of famine, protests and distress from higher food prices behind us? On the radar: The FAO Food Price Index for June was still 23% higher than it was one year earlier. Also today:The FHFA Housing Price Index and the S&P Case-Shiller Home Price Index for May arrive at 9 a.m.

Source: CNN July 26, 2022 22:08 UTC