The Food and Agriculture Organization's (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 143.7 points in 2022, up 14.3% from 2021, and the highest since records started in 1990, the agency said on Friday.
Food prices surged after Russia's invasion of Ukraine in February last year on fears of disruptions to Black Sea trade.
"Calmer food commodity prices are welcome after two very volatile years," FAO Chief Economist Maximo Torero said.
Still over the whole of 2022, four of the FAO's five food sub-indexes - cereals, meat, dairy and vegetable oils - had reached record highs, while the fifth one, sugar, was at a 10-year high.
The FAO Cereal Price Index index rose 17.9% in 2022 due to factors including significant market disruptions, higher energy and input costs, adverse weather and continued strong global food demand, the FAO said.