Between 2000 and 2011, the line graph shows an average oil price and food price index.
It is obvious that average international oil costs for both food and oil have risen significantly during the last 11 years. Furthermore, the values for both categories were highly comparable, demonstrating a substantial association (93, 6%).
In 2000, the average worldwide oil price for a barrel was close to $25, while the food price index was approximately 85 points. Both percentages stayed roughly steady for the following four years before significantly increasing from 2004 to 2007. By 2007, the price of oil had increased steadily to about $60 per barrel, and the food market price had increased by 50 points.
Both figures increased considerably between 2007 and 2008. The food price index increased by more than 220 points, while the average oil price reached a high of almost 130 dollars. However, at the beginning of 2009, the oil price had declined by over 90 dollars, and the food index had decreased to around 140 points. Finally, in 2011, the average oil price grew to almost $100 per barrel, while the food price index hit a high of nearly 140 points.
Between 2000 and 2011, the line graph
shows
an
average
oil
price
and
food
price
index.
It is obvious that
average
international
oil
costs for both
food
and
oil
have risen
significantly
during the last 11 years.
Furthermore
, the values for both categories were
highly
comparable, demonstrating a substantial association (93, 6%).
In 2000, the
average
worldwide
oil
price
for a barrel was close to $25, while the
food
price
index
was approximately 85
points
. Both percentages stayed roughly steady for the following four years
before
significantly
increasing from 2004 to 2007. By 2007, the
price
of
oil
had
increased
steadily
to about $60 per barrel, and the
food
market
price
had
increased
by 50 points.
Both figures
increased
considerably
between 2007 and 2008. The
food
price
index
increased
by more than 220
points
, while the
average
oil
price
reached a high of almost 130 dollars.
However
, at the beginning of 2009, the
oil
price
had declined by over 90 dollars, and the
food
index
had decreased to around 140
points
.
Finally
, in 2011, the
average
oil
price
grew to almost $100 per barrel, while the
food
price
index
hit a high of
nearly
140
points
.