Question

    Which of the following statements about the FAO Food

    Price Index (FFPI) is correct? (I) It includes prices of meat, dairy products, cereals, vegetable oils, and sugar.   (II) It tracks daily changes in international food prices.   (III) The index is weighted based on average export shares from 2014-2016.  
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C I & III only Correct Answer Incorrect Answer
    D II & III only Correct Answer Incorrect Answer

    Solution

    The FAO Food Price Index (FFPI) measures the monthly change in international prices of a basket of food commodities, including meat, dairy, cereals, vegetable oils, and sugar. It is weighted based on the average export shares of these commodities from 2014-2016, but it does not track daily price changes.

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