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

The line graph illustrates the trend of global

food

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and

oil

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prices

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from 2000 to 2011.

Overall

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,

it is clear that

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the world witnessed significant growth in

food

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and

oil

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prices

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over the period shown, and the increase in the

oil

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price outnumbered that of

food

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. In 2000, the price of

oil

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stood at roughly $22 per

barrel

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

barrel

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. The trend was the same for the price of

food

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, rising from 90

points

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then

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peaking at 230

points

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in 2008, with some fluctuations.

However

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, there was a considerable decline for both

prices

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, decreasing to slightly more than $60 per

barrel

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and 110

points

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

prices

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reached $95 per

barrel

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and 170

points

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in 2010.

Although

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they experienced a decrease during the year, the

prices

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of both grew to $140 per

barrel

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which reached its peak and 180

points

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in 2011, respectively.