According to Moody's, the average increase in the World Bank's commodity foodpriceindex for emerging countries was 3% year-over-year in the past 12 months, when India's index of wholesale food prices rose 10%.
The Food and Agriculture Organization (FAO) of the United Nations reported that their foodpriceindex averaged 232 points in April, flat from March and 2.6% below its all-time high February level of 237.2.