World Food Prices: 7.0 Percent Cheaper In 2012 Compared To 2011

This is a number we need to track more closely - this is basically a proxy for food inflation worldwide - the UN's FAO (Food and Agriculture Association) publishes a Food Price Index that tracks international prices for essential food items. We spotted this stat today, that the index for 2012 as a whole averaged 212 points, 7 percent less than the average in 2011 (Source)

Before we digest this fact, let us bring in another stat to complete the picture: Americans throw away food worth 165 billion dollars every year.