Cost of food in India decreased 1.76 percent in July 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.

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.

In July 2025, the UK inflation rate for goods was 2.7 percent and five percent for services. Prices for goods accelerated significantly, sharply between 2021 and 2022, before falling in 2023. By comparison, prices for services initially grew at a more moderate rate but have also not fallen as quickly. The overall CPI inflation rate for the UK reached a recent high of 11.1 percent in October 2022 and remained in double figures until April 2023, when it fell to 8.7 percent. As of this month, the UK's inflation rate was 3.6 percent, up from 3.4 percent in the previous month. Sectors driving high inflation In late 2024, communication was the sector with the highest inflation rate, with prices increasing by 6.1 percent as of December 2024. During the recent period of high inflation that eased in 2023, food and energy prices were particular high, with housing and energy inflation far higher than in any other sector, peaking at 26.6 percent towards the end of 2022. High food and energy prices since 2021 have been one of the main causes of the cost of living crisis in the UK, especially for low-income households that spend a higher share of their income on these categories. This is likely one of the factors driving increasing food bank usage in the UK, which saw approximately 3.12 million people use a food bank in 2023/24, compared with 1.9 million just before the COVID-19 pandemic. The global inflation crisis The UK has not been alone in suffering rapid price increases since 2021. After the start of the COVID-19 pandemic, a series of economic and geopolitical shocks had a dramatic impact on the global economy. A global supply chain crisis failed to meet rising demand in 2021, leading to the beginning of an Inflation Crisis, which was only exacerbated by Russia's invasion of Ukraine in February 2022. The war directly influenced the prices of food and energy, as both countries were major exporters of important crops. European imports of hydrocarbons from Russia were also steadily reduced throughout 2022 and 2023, resulting in higher energy prices throughout the year.

Cost of food in Indonesia increased 3.69 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Indonesia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Canada increased 3.30 percent in July 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.

Poland's inflation rate has shown significant fluctuations recently, with the country experiencing both periods of high inflation and deflation. In July 2025, consumer prices increased by *** percent compared to the previous year, marking a notable decline from the peak of **** percent recorded in February 2023. Food and beverage prices drive inflation Food and non-alcoholic beverages have contributed to Poland's inflation, with prices in this category reaching a staggering **** percent increase in March 2023. Although the rate has since decreased, it remained at *** percent in September 2024, indicating ongoing pressure on consumer budgets. Similarly, alcoholic beverages experienced significant price hikes, peaking at **** percent in March 2023 before settling at *** percent in February 2024. These persistent increases in essential goods have substantially impacted the overall inflation rate. Varied impact across sectors While food and beverages have seen consistent price increases, other sectors have experienced more volatile trends. Clothing and footwear, for instance, went through a period of deflation from January 2019 to April 2021, with prices declining by as much as **** percent in May 2020. However, this sector also saw a sharp reversal, with inflation peaking at *** percent in March 2023. Liquid fuel prices demonstrated even more dramatic swings, soaring to an astonishing ***** percent increase in June 2022. As of January 2025, housing-related costs, including utilities, have emerged as the leading inflationary force, rising by nearly **** percent year-over-year and significantly influencing the overall inflation rate.

Cost of food in Egypt increased 6.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Egypt Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food In the Euro Area increased 3.20 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.

Cost of food in New Zealand increased 5 percent in July of 2025 over the same month in the previous year. This dataset provides - New Zealand Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

European supermarkets’ revenue is forecast to inch upwards at a compound annual rate of 0.6% over the five years through 2025 to reach €1.7 trillion. European supermarkets face intense price competition amid lingering cost pressures. Though EU food inflation has stabilised at 2.7% in April 2025, consumer focus on value remains high. Discounters like Aldi and Lidl continue to gain share as shoppers seek lower prices. Supermarkets are investing heavily in price-matching schemes, though sustaining these is financially challenging. Tesco and Sainsbury’s have begun scaling back such initiatives, while Asda has abandoned its price match strategy. Private label growth is reshaping the sector. Sales reached €352 billion in 2024. Retailers are diversifying these ranges to balance value, quality, and margins. Smarter product mixes are emerging as retailers prioritise local sourcing and premium niches to build loyalty. Strategies like Sainsbury’s “Supporting British” and Mercadona’s local sourcing model resonate with values-driven shoppers. Loyalty programmes have become a strategic pillar, offering personalisation and margin-friendly growth. Programmes like Tesco Clubcard and Carrefour+ drive retention and profitability beyond price wars. Finally, rising labour costs add further pressure. Recent minimum wage increases across Europe have prompted supermarkets to pursue automation, cost savings, and operational efficiencies to protect profitability in an evolving retail landscape. In 2025 alone, revenue is expected to grow at 0.9% to €2 trillion while profit is expected to reach 5.2%, a minor drop from 5.6% in 2022 thanks to intense price competition. Over the five years through 2030, supermarkets’ revenue is slated to climb at a compound annual rate of 2.9% to €3 trillion. Private label growth remains a structural trend while health, convenience, and on-the-go meals are driving new demand, particularly among younger shoppers. Supermarkets must diversify ranges to capture this growth, blending value, quality, and functionality. Convenience is also fuelling an ongoing channel shift. Online grocery sales remain, with consumers willing to pay premiums for faster delivery. Retailers are scaling up e-commerce, partnering with delivery apps, and innovating store formats to meet demand for flexibility. Smaller urban stores, hybrid models and grocerants are gaining traction. To boost efficiency and margins, supermarkets are accelerating investment in automation and AI. Personalised loyalty schemes are driving customer retention, while automation in warehouses and stores enhances productivity. Trials in drone delivery and robotic shelf scanning signal further innovation. Consolidation and integration are key to navigating sustained margin pressure. Larger grocers are pursuing M&A and pan-European alliances to drive scale, while moving upstream into food production for resilience. Supermarkets that adapt rapidly - blending private labels, convenience, technology and scale - will outperform in Europe’s increasingly competitive grocery landscape.

Abstract

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations. This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

        A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

Geographic coverage notes

The data cover the following sub-national areas: Eastern, North Central, Uva, Western, Central, Sabaragamuwa, Southern, Northern, North Western, Market Average

According to Cognitive Market Research, the global Plant-Based Food market size will be USD 12541.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5016.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3762.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2884.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 627.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
The dairy substitute category is the fastest growing segment of the Plant-Based Food industry

Market Dynamics of Plant-Based Food Market

Key Drivers for Plant-Based Food Market

Growing Awareness of the Advantages of Consuming a Plant-Based Diet for Health to Boost Market Growth

Global consumers now have a comprehensive awareness of the harmful effects of consuming too much meat because of a variety of government initiatives, including exposure and awareness campaigns. Overindulging in meat consumption can result in several health issues, such as hypertension, obesity, elevated cholesterol, as well as blood sugar, all of which may result in cardiac arrest. About 90% of the over 356,000 out-of-hospital cardiac arrests (OHCA) that occurred in the United States in 2020 were fatal, according to the Sudden Cardiac Arrest Foundation. Customers are being forced to convert to vegan products because they are healthier and just as nutrient-dense. A vegetarian diet can lower blood pressure, lessen the danger of heart disease, lower the possibility of obesity, and cut the risk of type-2 diabetes, among other health benefits. Consequently, the market for plant-based foods is expected to increase at a faster rate throughout the forecast period.

Advancements in Food Technology to Drive Market Growth

The development of distinct plant-based alternatives that closely imitate the flavor, texture, and appearance of animal products is one of the factors driving the demand for plant-based foods thanks to advancements in food technology. These days, plant-based meat substitutes that mimic the tastes and textures of real meat are readily available as burgers, sausages, and nuggets. Plant-based components such as soy, wheat, and pea protein are used to make these substitutes. Furthermore, advancements in food technology have enabled the production of vegan cheese, ice cream, yogurt, and other dairy substitutes that are very similar to their animal-based counterparts. To improve the sensory experience of vegan substitutes, emulsifiers, texture modifiers, and taste enhancers are being used. For instance, Shiru, Inc. announced the release of OleoPro, a plant-based fat component. The ingredient was developed using Flourish, the company's in-house technological platform. The application utilizes artificial intelligence (AI) to produce insights regarding novel plant-based protein substitutes.

Restraint Factor for the Plant-Based Food Market

Inflationary Pressures Restrain Growth in the Plant-Based Food Market

Rising inflation and economic uncertainty have emerged as significant restraints on the growth of the plant-based food market. Plant-based foods are more expensive due to a variety of reasons, such as higher labour costs, less government subsidy than for animal farming, and the recent surge in demand for plant-based foods, along with sourcing and supply chain problems, particularly with core plant protein sources like soy and pea-can also drive up production costs. As living expenses rise, consumers are becoming increasingly pinched in their expenditures, going for necessary and lower-cost versions of staples instead of high-cost plant-based alternatives. This trend is especially predominant in the meat substitutes category, where higher manufacturi...

The aim is to forecast the chief components of inflation (such as changes in fuel prices, food prices and prices of durable goods) for the USA, UK and South Africa, and to test whether the weighted sum of the component forecasts gives a more accurate overall forecast for inflation, than simply forecasting overall inflation itself. In the long run, the ratios of these prices to the overall consumer price index have altered because of technological changes and globalization, among other factors. For example, the prices of internationally traded consumer goods have fallen relative to prices of services. By building separate models for the components, the long-run information in the data and specific economic features likely to drive each component can be exploited. These models will test for asymmetries, such as the tendency of petrol prices to respond faster to rises than to falls in oil prices. The models should help better understand the causes of overall inflation through understanding the inflation trends of the underlying sectors. Modelling the components separately should also highlight where interest rate policy could be effective, and where other policies such as competition policy or price regulation might have complementary benefits.

The Central Tire Inflation Market is on an upward trajectory, projected to reach 18,990.17 USD Billion by 2026, growing at a remarkable 9.9% CAGR. This growth is attributed to the numerous advantages of central tire inflation systems, including improved traction, reduced tire wear, increased fuel efficiency, enhanced operator comfort, and extended tire life. Moreover, government initiatives promoting tire safety and environmental sustainability, rising food security concerns, and technological advancements in tire inflation systems are further fueling market growth. Central tire inflation systems have found widespread application in various industries, notably agriculture, transportation, and construction. Key drivers for this market are: Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion. Potential restraints include: Shortage of Truck Drivers to Restrain Growth Worldwide. Notable trends are: Rising Adoption of Automation in Manufacturing to Drive Market Growth.

European supermarkets’ revenue is forecast to inch upwards at a compound annual rate of 0.6% over the five years through 2025 to reach €1.7 trillion. European supermarkets face intense price competition amid lingering cost pressures. Though EU food inflation has stabilised at 2.7% in April 2025, consumer focus on value remains high. Discounters like Aldi and Lidl continue to gain share as shoppers seek lower prices. Supermarkets are investing heavily in price-matching schemes, though sustaining these is financially challenging. Tesco and Sainsbury’s have begun scaling back such initiatives, while Asda has abandoned its price match strategy. Private label growth is reshaping the sector. Sales reached €352 billion in 2024. Retailers are diversifying these ranges to balance value, quality, and margins. Smarter product mixes are emerging as retailers prioritise local sourcing and premium niches to build loyalty. Strategies like Sainsbury’s “Supporting British” and Mercadona’s local sourcing model resonate with values-driven shoppers. Loyalty programmes have become a strategic pillar, offering personalisation and margin-friendly growth. Programmes like Tesco Clubcard and Carrefour+ drive retention and profitability beyond price wars. Finally, rising labour costs add further pressure. Recent minimum wage increases across Europe have prompted supermarkets to pursue automation, cost savings, and operational efficiencies to protect profitability in an evolving retail landscape. In 2025 alone, revenue is expected to grow at 0.9% to €2 trillion while profit is expected to reach 5.2%, a minor drop from 5.6% in 2022 thanks to intense price competition. Over the five years through 2030, supermarkets’ revenue is slated to climb at a compound annual rate of 2.9% to €3 trillion. Private label growth remains a structural trend while health, convenience, and on-the-go meals are driving new demand, particularly among younger shoppers. Supermarkets must diversify ranges to capture this growth, blending value, quality, and functionality. Convenience is also fuelling an ongoing channel shift. Online grocery sales remain, with consumers willing to pay premiums for faster delivery. Retailers are scaling up e-commerce, partnering with delivery apps, and innovating store formats to meet demand for flexibility. Smaller urban stores, hybrid models and grocerants are gaining traction. To boost efficiency and margins, supermarkets are accelerating investment in automation and AI. Personalised loyalty schemes are driving customer retention, while automation in warehouses and stores enhances productivity. Trials in drone delivery and robotic shelf scanning signal further innovation. Consolidation and integration are key to navigating sustained margin pressure. Larger grocers are pursuing M&A and pan-European alliances to drive scale, while moving upstream into food production for resilience. Supermarkets that adapt rapidly - blending private labels, convenience, technology and scale - will outperform in Europe’s increasingly competitive grocery landscape.

The fast food and quick service restaurant (QSR) market, currently valued at approximately $14.69 billion (2025 estimate), is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033. This growth is fueled by several key factors. The increasing prevalence of busy lifestyles and the demand for convenient, affordable meal options are significant drivers. Technological advancements, such as mobile ordering and delivery apps, are enhancing customer experience and driving market expansion. Furthermore, the diversification of menus to cater to evolving consumer preferences, including healthier options and globally-inspired cuisine, contributes to sustained market appeal. Competitive pressures among established giants like Subway, McDonald's, Starbucks, KFC, Burger King, Pizza Hut, Domino's, Dunkin', Baskin-Robbins, Hunt Brothers Pizza, Wendy's, and Taco Bell are pushing innovation and efficiency, further shaping market dynamics. However, the market faces some challenges. Rising food costs and inflation can impact profitability and consumer spending. Increasing health consciousness among consumers may necessitate adjustments to menus and marketing strategies. Maintaining operational efficiency amidst rising labor costs and supply chain disruptions remains a key concern for QSR operators. Effective strategies to balance operational costs with consumer demands for value and quality are critical for long-term success in this competitive landscape. The projected market value for 2033 will depend on several factors, including maintaining the current CAGR, effectively navigating economic fluctuations and adapting to evolving consumer trends. Continued innovation in menu offerings, technology adoption, and efficient operations will be key for maintaining profitability and market share in the coming years.

Inflation Rate in Malawi increased to 27.30 percent in July from 27.10 percent in June of 2025. This dataset provides the latest reported value for - Malawi Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

European supermarkets’ revenue is forecast to inch upwards at a compound annual rate of 0.6% over the five years through 2025 to reach €1.7 trillion. European supermarkets face intense price competition amid lingering cost pressures. Though EU food inflation has stabilised at 2.7% in April 2025, consumer focus on value remains high. Discounters like Aldi and Lidl continue to gain share as shoppers seek lower prices. Supermarkets are investing heavily in price-matching schemes, though sustaining these is financially challenging. Tesco and Sainsbury’s have begun scaling back such initiatives, while Asda has abandoned its price match strategy. Private label growth is reshaping the sector. Sales reached €352 billion in 2024. Retailers are diversifying these ranges to balance value, quality, and margins. Smarter product mixes are emerging as retailers prioritise local sourcing and premium niches to build loyalty. Strategies like Sainsbury’s “Supporting British” and Mercadona’s local sourcing model resonate with values-driven shoppers. Loyalty programmes have become a strategic pillar, offering personalisation and margin-friendly growth. Programmes like Tesco Clubcard and Carrefour+ drive retention and profitability beyond price wars. Finally, rising labour costs add further pressure. Recent minimum wage increases across Europe have prompted supermarkets to pursue automation, cost savings, and operational efficiencies to protect profitability in an evolving retail landscape. In 2025 alone, revenue is expected to grow at 0.9% to €2 trillion while profit is expected to reach 5.2%, a minor drop from 5.6% in 2022 thanks to intense price competition. Over the five years through 2030, supermarkets’ revenue is slated to climb at a compound annual rate of 2.9% to €3 trillion. Private label growth remains a structural trend while health, convenience, and on-the-go meals are driving new demand, particularly among younger shoppers. Supermarkets must diversify ranges to capture this growth, blending value, quality, and functionality. Convenience is also fuelling an ongoing channel shift. Online grocery sales remain, with consumers willing to pay premiums for faster delivery. Retailers are scaling up e-commerce, partnering with delivery apps, and innovating store formats to meet demand for flexibility. Smaller urban stores, hybrid models and grocerants are gaining traction. To boost efficiency and margins, supermarkets are accelerating investment in automation and AI. Personalised loyalty schemes are driving customer retention, while automation in warehouses and stores enhances productivity. Trials in drone delivery and robotic shelf scanning signal further innovation. Consolidation and integration are key to navigating sustained margin pressure. Larger grocers are pursuing M&A and pan-European alliances to drive scale, while moving upstream into food production for resilience. Supermarkets that adapt rapidly - blending private labels, convenience, technology and scale - will outperform in Europe’s increasingly competitive grocery landscape.