Global food prices have fallen from record highs hit following Russia's invasion of Ukraine in 2022, with lower prices for cereals, meat, and sugar offsetting rises in the cost of dairy and vegetable oils in August 2024 (US News & World Report). The question will be suspended on 31 October 2025 and the outcome determined using nominal data reported by the FAO for October 2025, expected in early November 2025 (FAO, see table near bottom of page). As of the launch of this question, the value for the Food Price Index for August 2024 was 120.7. To download historical nominal data, click "Excel: Nominal and real indices from 1990 onwards (monthly and annual)" under "Download datasets." Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here. To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.