The graph below shows changes in global food and oil prices between 2000 and 2011

The line graph illustrates the trend of global

food

and

oil

prices

from 2000 to 2011.

Overall

,

it is clear that

the world witnessed significant growth in

food

and

oil

prices

over the period shown, and the increase in the

oil

price outnumbered that of

food

. In 2000, the price of

oil

stood at roughly $22 per

barrel

, which increased approximately tenfold after eight years, to around $220 per

barrel

. The trend was the same for the price of

food

, rising from 90

points

then

peaking at 230

points

in 2008, with some fluctuations.

However

, there was a considerable decline for both

prices

, decreasing to slightly more than $60 per

barrel

and 110

points

, respectively in 2009. As they bounced back to varying degrees, the

prices

reached $95 per

barrel

and 170

points

in 2010.

Although

they experienced a decrease during the year, the

prices

of both grew to $140 per

barrel

which reached its peak and 180

points

in 2011, respectively.