II. Food Commodities
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International Monetary Fund
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Abstract

Increases in the prices of most food commodities in 1988 were substantial (Chart 4). The largest–over 30 percent on average, in terms of SDKs—occurred for vegetable oils and protein meals, but price rises for cereals and for “free market” sugar were almost as great. Despite the advances, the aggregate price index for food commodities in 1988 remained substantially below the level of the index observed during the early to mid-1980s.

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