The line graph demonstrates the comparison between average price of a barrel of oil and the food price index over a period of 11 years.
From an overall perspective, it is clear that both trends rose considerably between 2000 and 2011. Moreover, the pace for both commodities were similar, so a strong correlation is suggested.
Initially, in the 2000, the average global barrel of oil was close to 25 dollars, and the food price index stood at 90 points at the time. Besides, both goods remained relatively stable over the following 4 years before rising steadily in three more years. By 2007, oil production had more than doubled, by approximately 60 dollars per barrel, while food had seen a dramatic growth at almost 50 points at the same time.
A significant increase in both trends prices was seen from 2007 to 2008, with oil prices reaching a peak of exactly around 130 dollars and food production rising to 220 points. However, in the beginning of 2009,both resources impressively went down, roughly at 50 dollars and 80 points, respectively. Furthermore, the average of 2 main global products rose once again, to nearly 100 dollars and the food price index reached its peak with around 140 points at the end of period.