The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

Food Price Index in World increased to 127.10 Index Points in February from 125.10 Index Points in January of 2025. This dataset includes a chart with historical data for World Food Price Index.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average (CUSR0000SAF11) from Jan 1952 to Feb 2025 about urban, food, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

Cost of food in India increased 3.75 percent in February of 2025 over the same month in the previous year. This dataset provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

2024 saw the average price for a Thanksgiving dinner decline to 58.08 U.S. dollars. In 2022, the average price for a complete Thanksgiving feast in the United States (U.S.) amounted to 64.05 U.S. dollars. The survey dinner includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk, all in quantities sufficient to serve a family of ten. Despite the recent decrease, there has been a general increase in the average cost for a Thanksgiving family dinner for over three decades. The most rapid increase happened between 2019 and 2022 when the average price grew by almost 40 percent. Turkey prices during Thanksgiving in the U.S. The price of a whole 16-pound turkey in the U.S. was 30.15 U.S. dollars in 2024. This is the highest retail price for a whole turkey since 2018. The price of a whole turkey has increased by close to nine U.S. dollars in comparison to 2021, which is a price increase of over 40.8 percent. Moreover, the average cost of a whole turkey varies among the different U.S. states. In California, for example, a whole 15-pound turkey costs on average 39.85 U.S. dollars, which is the most expensive among all selected states. The turkey is by far the most expensive ingredient for a ten-person Thanksgiving dinner. Several other typically purchased dinner ingredients, such as pumpkin pie mix, sweet potatoes, cubed stuffing mix, dinner rolls, and whole milk cost on average between 2.93 and 4.16 U.S. dollars. Traveling during Thanksgiving in the U.S. The national holiday of Thanksgiving is traditionally celebrated on November 26 in the United States. Close to one-third of Americans prefer to celebrate Thanksgiving at their relatives. Therefore, many Americans travel during Thanksgiving. The number of Thanksgiving holiday travelers in the United States is around 79.86 million. Since 2019, the amount of Thanksgiving travelers has fluctuated but increased by approximately two million. Cars are the preferred mode of transportation during Thanksgiving. Over 92 percent of the people who travel during Thanksgiving do so by car, while about 7.5 percent travel by airplane.

Cost of food in Canada increased 1.30 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Regular butter, sold in sticks, per pound (16 oz.). Includes organic and non-organic butter."

In 2024, the retail price of one pound of bananas in the United States dereased slightly compared to the year before and registered at 0.62 cents. Prices have hovered around 58 cents for the past seven years. Banana trade in the U.S. Consumers in the United States love bananas. The country was the biggest importer of bananas by a wide margin, receiving around 2.8 billion U.S. dollars worth of the fruit in 2021. Its main partner in the banana trade was Guatemala, from which it received around 1.1 billion dollars worth of bananas in 2021. Banana consumption Bananas were the most consumed fruit in the United States in 2021. Popularity can, in part, explain the stability of banana prices. Over the last 18 years, average per capita consumption was approximately 26.4 pounds per year, with a high of 28.54 pounds in 2018. Banana production has largely kept pace with consumption, increasing about 11 percent in the last six years.

Graph and download economic data for Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average (CPILFENS) from Jan 1957 to Feb 2025 about core, all items, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year.

Inflation in Canada

In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate.

The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

Annual indexes for major components and special aggregates of the Consumer Price Index (CPI), for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the last five years. The base year for the index is 2002=100.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

Wheat decreased 17.24 USd/BU or 3.13% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on March of 2025.

The food inflation in India fell to around six percent year-on-year in January 2025. In 2024, the food inflation peaked in October at about 11 percent. Impact of inflation Inflation is a key economic indicator of an economy, influencing purchasing power, investments, and economic growth. The rise in food prices, which comprise about half of the consumer price index (CPI) basket, affects large sections of the Indian population. Supply chain disruptions, increased cost of production, global market dependency, weather conditions, and government policies on minimum support prices are some reasons leading to food inflation. TOP drivers of food inflation Price-sensitive vegetables viz. tomato, onion, and potato (TOP) were the leading drivers of food inflation as per the Economic Survey for the financial year 2025. Experts argue that price pressures are not mainly due to a shortfall in production but post-harvest losses, seasonal production, and regional dispersion in production.  

U.S. consumers were asked how much money they spent on average on groceries per week. The findings present that U.S. households' weekly grocery expenditure amounted to about 165 U.S. dollars in 2024. Between 2019 and 2024, the average weekly expenditure grew exponentially, favored by the pandemic first and inflation after. Food affordability Since the pandemic, food affordability has been a challenge for consumers around the world, leading to changes around their food consumption. In the United States, meats, specialty foods and snacks are among the less purchased products, other changes include the purchase of generic products to save money on groceries. Generational differences Due to the rise of online grocery shopping, the difference in generational consumer behavior is significant. Millennials are most likely to shop online for their groceries, followed by Gen Z, while older generations prefer in-store shopping. When it comes to shopping frequency, those aged between 25 and 34 tended to shop more often compared to the youngest and oldest generations.

Inflation Rate in Pakistan decreased to 1.50 percent in February from 2.40 percent in January of 2025. This dataset provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in India decreased to 3.61 percent in February from 4.31 percent in January of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic depicts the average annual prices for meat (beef) from 2014 through 2026*. In 2023, the average price for meat (beef) stood at 4.9 nominal U.S. dollars per kilogram.