FOOD PRICE DYNAMICS AND ECONOMIC PROSPERITY IN SUB-SAHARAN AFRICA: A COMPREHENSIVE ANALYSIS

The escalating prices of essential food commodities globally, including cereals, oilseeds, dairy products, and meat, have garnered significant attention in recent years. From 2002 to 2013, the Food Price Index (FPI) experienced a notable surge, reaching its highest levels since the establishment of the United Nations Food and Agriculture Organization (FAO) in 1990. This upward trend in food prices raises concerns about its potential adverse impacts on people's income and overall welfare. Consumers, particularly in the face of limited substitutes, exhibit heightened sensitivity to fluctuations in food prices, which can profoundly influence their consumption choices and economic well-being