Comhroinn Fuaime

A dramatic increase in both commodity prices was seen from 2007 to 2008, with oil prices reaching a peak of approximately $130 per barrel and the food price index rising to 220 points. However, by the beginning of 2009 the price of oil had dropped by roughly $90, and the food price index was down by about 80 points. Finally, in 2011, the average oil price rose once again, to nearly $100 per barrel, while the food price index reached its peak, at almost 240 points.