The graph gives information regarding the changes in global oil price per barrel price and food index points from 2000 to 2011.
Overall, the food prices were most expensive (240 points) in 2011 and lowest (approximately 90 points) around the middle of 2002 whereas the price for oil peaked at $120 in 2008 and its lowest point was $20 in 2002. Although both products started around the same level, by 2011 the food prices went up substantially in comparison to the oil prices.
The graph shows that price of both products fluctuated considerably but food prices were slightly more stable than the price of oil. However, these a major rise in the price from 2007 to the middle of 2008 after which the it dropped drastically and continued to fall until 2009 when oil was priced at $40 per barrel and food at 140 points. From that point both prices escalated in similar patterns but in 2011 another sharp rise in the price of food can be found in the graph.
The graph gives information regarding the
changes
in global
oil
price
per barrel
price
and
food
index
points
from 2000 to 2011.
Overall
, the
food
prices
were most expensive (240
points)
in 2011 and lowest (approximately 90
points)
around the middle of 2002 whereas the
price
for
oil
peaked at $120 in 2008 and its lowest
point
was $20 in 2002. Although both products
started
around the same level, by 2011 the
food
prices
went up
substantially
in comparison
to the
oil
prices.
The graph
shows
that
price
of both products fluctuated
considerably
but
food
prices
were
slightly
more stable than the
price
of
oil
.
However
, these a major rise in the
price
from 2007 to the middle of 2008 after which
the it
dropped
drastically
and continued to fall until 2009 when
oil
was priced
at $40 per barrel and
food
at 140
points
. From that
point
both
prices
escalated in similar patterns
but
in 2011 another sharp rise in the
price
of
food
can
be found
in the graph.