FAO Food Price Index up 5.8% y/y, September rise driven by logistics and climate

The FAO Food Price Index rose 1.5% in September to 136 points, up 2 points from August, with a 5.8% year-on-year increase. The rise is attributed to transport logistics disruptions and climate concerns restricting supply, pushing agricultural commodity quotes higher. This signals sustained food inflation pressure, which could feed into broader consumer prices and central bank policy considerations.