Consumer price indices and food inflation

FAO

Consumer price indices and food inflation

Year of publication 2020

Place of publication Rome, Italy ;

Pages 15 p.

Author FAO

Publisher FAO ;

Product type Book (series)

Series title FAOSTAT Analytical Briefs

Series number No. 3

Edition 1

Full item page

Synopsis (short abstract) Global and regional consumer price indices (CPI) measure food inflation for a group of countries at different geographical scales. Global CPI covers 193 countries worldwide. Country Consumer Price Indices are updated in FAOSTAT on a quarterly basis. Between 2014 and 2018, annual food inflation in most regions of the world presented various trends. The most remarkable variation was recorded in Africa, where the food inflation rate increased from 6.7 percent in 2014 to 13.8 percent in 2017. Asia saw a significant decrease from 4.5 percent in 2014 to 1.9 percent in 2017, before increasing to 3.2 percent in 2018. Latin America and the Caribbean experienced a remarkable decline in their annual inflation food rate from 7.5 percent in 2016 to 2.9 percent in 2017 before increasing again to 4.6 percent in 2018. During the same period, both North America and Europe experienced a low inflation rate.

Language English

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Annual inflation rates of global and regional consumer price indices (CPI) measures inflation rates of food and general consumer price indices for a group of countries at different geographical scales: sub-regional (e.g. Middle Africa), regional (e.g. Africa) and global (all countries). The general CPI covers 204 countries, and the food CPI covers 198 countries worldwide. The analytical brief of annual inflation rates of food and general CPI is updated annually at the end of the first quarter, and a general overview of annual inflation rates of food and general CPI is published at the end of second, third and fourth quarters. This brief analyses the March 2021 update. The next release presenting a general overview of global and regional trends will be in June 2021.