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Line Graph

Band 8+: The graph below shows changes in global food and oil prices between 2000 and 2011.

Image for topic: The graph below shows changes in global food and oil prices between 2000 and 2011.
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The image depicts a line graph titled "World Food and Oil Prices" ranging from 2000 to 2011; two lines represent Food Price Index (blue) and Average Oil Price (red), with left vertical axis scaling from 60 to 240 index points and the right vertical axis from $0 to $140 per barrel. Both lines exhibit upward trends, intersecting around 2004 and 2009, showing parallel movements and indicating a correlation of 93.6%. Food Price Index starts at approximately 90 points and peaks twice at nearly 240 points in 2008 and 2011; Average Oil Price begins around $20 per barrel, peaking at around $40 in 2005, sharply rising to approximately $140 in mid-2008 before sharply declining and climbing back to around $120 in 2011.
Given the complexity of the image, the above description may not be entirely accurate.
Note: Both the topic and the answer were created by one of our users.

The provided graph illustrates the fluctuations in worldwide food and oil prices from 2000 to 2011.

Overall, the prices of food and oil witnessed a substantial increase globally over the 11-year period, with both categories showing a close correlation of approximately 93%.

In 2000, the average global oil price stood at approximately $25 per barrel, while the food price index was just below 90 points. From 2004 to 2007, both prices experienced a gradual and synchronized rise. By 2007, the oil price had doubled to around $60 per barrel, and the food price index had climbed by approximately 50 points.

The escalation continued from 2007 to 2008, with oil prices peaking at about $130 per barrel, and the food price index surging to 220 points. Noticeably, by early 2009, oil prices plummeted by around $90 per barrel, and the food price index dropped by about 80 points. Subsequently, in 2011, the average oil price rose again to nearly $100 per barrel, while the food price index peaked at almost 240 points.

Word Count: 171

Answers On The Same Topic:

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

the line chart compares global food and oil price changes in the years 2000 and 2011. Overall, the highest amount of price was food, while the amount of price Oil was lowest over the period shown. In terms of increasing price, oill price was, about $25 in 2000, which grew to, around $42 in 2005. […]

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

The line graph compares movements in the world food price index and the average price of crude oil from 2000 to 2011. Overall, both series trended strongly upward and moved in close step with one another, with pronounced surges in 2007-2008, a sharp slump in 2009, and a renewed climb to new peaks by 2011. […]

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

The line graph compares the average price of a barrel of oil with the food price index over a period of 11 years. It is clear that average there was a stable increase in the average of both food price index and oil price from 2000 to 2011. Furthermore, the trends for both commodities were […]

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

The line graph illustrates the changes of average oil price per barrel and the food price index from 2000 to 2011. Overall, it is obvious that both prices of oil and food increased dramatically over the period, and fluctuated significantly in the last four years.. Moreover, the figures for both were very similar with a […]

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

The line chart compares the amount of money in global food and oil prices from 2000 to 2011. Overall,the amount of both food and oil prices almost similar patterns in the given year. In terms of changing,in 2000,the food price index was 80 points.This index increased steadily.Food price index of grew by 40 points, from […]

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