How Much Did Developing Country Domestic Staple Food Prices Increase During the World Food Crisis?

dc.contributor.author David Dawe and Cristian Morales-Opazo;Agriculture and Economic Development Analysis Division
dc.date.issued 2009
dc.date.lastModified 2019-05-30T10:48:25.0000000Z
dc.description.abstract Using data from a new FAO price database, we found that domestic staple food prices in developing countries typically increased by 48 percent in real terms during the world food crisis. Given that most of the world’s poor are net food consumers, such large price increases almost certainly had severe impacts on the effective purchasing power of the poor, which in turn likely affected the number of meals eaten as well as the nutritional quality of food consumed. While domestic prices have declined from their peaks in most countries, the declines have been small thus far and real prices are typically 19 percent higher than they were two years earlier, even after accounting for inflation. Thus, many poor people are faced with higher food prices in the midst of a global economic slowdown.
dc.identifier.issn 2521-1838
dc.identifier.url http://www.fao.org/3/a-ak421e.pdf
dc.language.iso English
dc.relation.ispartofseries FAO Agricultural Economics Working Paper
dc.rights.copyright FAO
dc.title How Much Did Developing Country Domestic Staple Food Prices Increase During the World Food Crisis?
dc.title.subtitle How Much Have They Declined?
dc.type Document
fao.edition 1
fao.identifier.jobnumber AK421E
fao.identifier.uri http://www.fao.org/documents/card/en/c/d7f2326d-a7d5-50ad-9c1e-e73d9bb12465
fao.subject.agrovoc prices
fao.subject.agrovoc price elasticities
fao.subject.agrovoc maximum prices
fao.subject.agrovoc market prices
fao.visibilitytype LIMITED GLOBAL
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
ak421e.pdf
Size:
116.38 KB
Format:
Adobe Portable Document Format
Description: