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.
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Food Price Index in World increased to 130.10 Index Points in July from 128 Index Points in June of 2025. This dataset includes a chart with historical data for World Food Price Index.
The annual FAO Food Price Index* (FFPI) averaged 124.7 points in 2023, down 20 points from 2022. The highest value for the index in the past ten years was reached in 2022.
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Graph and download economic data for Global price of Food index (PFOODINDEXM) from Jan 1992 to Jun 2025 about World, food, indexes, and price.
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The FAOSTAT monthly Food CPI and General CPI database was based on the ILO CPI data until December 2014. In 2014, IMF-ILO-FAO agreed to transfer global CPI data compilation from ILO to IMF. Upon agreement, CPIs for all items and its sub components originates from the International Monetary Fund (IMF), and the UN Statistics Division(UNSD) for countries not covered by the IMF. However, due to a limited time coverage from IMF and UNSD for a number of countries, the Organisation for Economic Co-operation and Development (OECD), Central Bank of Western African States (BCEAO), Eastern Caribbean Central Bank (ECCB), UNdata, United Nations Conference on Trade and Development (UNCTAD) and national statistical office website data are used for missing historical data from IMF and UNSD food CPI.
The FAO CPI dataset for all items(or general CPI) and the Food CPI, consists of a complete and consistent set of time series from January 2000 onwards. Data gaps on monthly Food CPI and General CPI are filled using statistical estimation procedures to have full data coverage for all countries for Food CPI and for General CPI. These indices measure the price change between the current and reference periods of the average basket of goods and services purchased by households. The General CPI is typically used to measure and monitor inflation, set monetary policy targets, index social benefits such as pensions and unemployment benefits, and to escalate thresholds and credits in the income tax systems and wages in public and private wage contracts. The FAOSTAT monthly Food CPI inflation rates are annual year-over-year inflation or percentage change over corresponding month of the previous year.
The data included in Data360 is a subset of the data available from the source. Please refer to the source for complete data and methodology details.
This collection includes only a subset of indicators from the source dataset.
The Food Consumer Price Indices (base=2010) consists of a complete and consistent set of time series from January 2000 onwards, as well as regional, global food CPIs compiled by FAO using population weights to aggregate across countries. These indices measure the price change between the current and reference periods of the average basket of goods and services purchased by households. The general CPI is typically used to measure and monitor inflation, set monetary policy targets, index social benefits such as pensions and unemployment benefits, and to escalate thresholds and credits in the income tax systems and wages in public and private wage contracts.
Key components of the WFSO database cover the prevalence of severe food insecurity, including estimates for countries lacking official data, population sizes of the severely food insecure, and required safety net financing. Data is presented in a user-friendly format.
WFSO data primarily relies on hunger and malnutrition data from the State of Food Security and Nutrition in the World (SOFI) report, led by the Food and agriculture Organization (FAO) in collaboration with multiple UN agencies. WFSO complements SOFI data by providing estimates for unreported countries. Historical estimates are produced with a machine learning model leveraging World Development Indicators (WDI) for global coverage.
Financing needs for safety nets are calculated similarly to past approaches by the International Development Association (IDA) to assess food insecurity response needs (IDA (2020) and IDA (2021)). Preliminary estimates and projections rely on the same model and incorporate International Monetary Fund (IMF)'s World Economic Outlook (WEO) growth and inflation forecasts. WEO data reflects the IMF's expert analysis from various sources, including government agencies, central banks, and international organizations.
Minor gaps in WDI data inflation data are replaced with unofficial WEO estimates. Minor inflation data gaps not covered by both, are replaced with unofficial inflation estimates from the World Bank's Real Time Food Prices (RTFP) data.
The WFSO is updated three times a year, coinciding with IMF's WEO and SOFI releases. It provides food security projections that align with economic forecasts, aiding policymakers in integrating food security into economic planning.
The WFSO database serves various purposes, aiding World Bank economists and researchers in economic analysis, policy recommendations, and the assessment of global financing needs to address food insecurity.
Additionally, the WFSO enhances transparency in global food security data by tracking regional and global figures and breaking them down by individual countries. Historical estimates support research and long-term trend assessments, especially in the context of relating outlooks to past food security crises.
World
191 countries and territories mutually included by the World Bank's WDI and IMF's WEO databases. The country coverage is based on mutual inclusion in both the World Bank World Development Indicators database and the International Monetary Fund’s World Economic Outlook database. Some countries and territories may not be covered. Every attempt is made to provide comprehensive coverage. To produce complete historical predictions, missing data in the WDI are completed with unofficial data from the WEO and the World Bank's RTFP data when inflation data is not available in either database. Final gaps in the WDI and WEO are interpolated using a Kernel-based pattern-matching algorithm. See background documentation for equations.
Country
Process-produced data [pro]
Agricultural Producer Prices (APP) are prices received by farmers for their produce at the farm gate; i.e. at the point where the commodity leaves the farm. APP do not cover the costs after the farm gate; e.g. transportation cost from the farm gate to the nearest market or first point of sale, warehousing costs, processing costs and market charges (if any) for selling the produce. FAOSTAT gives free access to food and agriculture data for over 245 countries and territories and covers all FAO regional groupings from 1961 to the most recent year available. Annual APP data are provided from 1991 to the previous year for over 160 countries and about 200 commodities, and monthly APP data are provided from January 2010 to December of the previous year for over 60 countries and about 200 commodities. APP are used, along with production data, to estimate value of production for a country, by commodity and in total, as well as Producer Price Indexes, which measure price inflation. APP also enable analysts to analyse price transmission and volatility.
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Cereals Price Index in World decreased to 106.50 Index Points in July from 107.30 Index Points in June of 2025. This dataset includes a chart with historical data for World Cereals Price Index.
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This replication folder describes the Stata v17 “do file” (code file) for statistical analysis for "Food inflation and child undernutrition in low and middle income countries " by Derek Headey & Marie Ruel. This do file can be used to replicate the analysis in the study mentioned above, published in Nature Communications. The study uses a combination of Demographic Health Survey (DHS) data for child, maternal, household level variables and national level indicators on real food price changes drawn from FAOSTAT, as well as conflict and climate variables. In summary, this is a large multi-country DHS dataset merged with FAO food and total consumer price indices (CPIs) and various other national level control variables. These are DHS surveys from 2000 onwards only.
The authors cannot publicly share the DHS data but can share it upon request, provided we can obtain approval from the DHS implementers. To make a request to access the data for this paper, please email Derek Headey at d.headey@cgiar.org. Alternatively researchers can access the raw DHS data from: https://dhsprogram.com/data/available-datasets.cfm and the country level indicators from the Food and Agriculture Organisation Consumer Prices data portal (https://www.fao.org/faostat/en/#data/CP) as well as The World Bank World Development Indicators (https://databank.worldbank.org/source/world-development-indicators) for obtaining data on various control variables.
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.
The data cover the following sub-national areas: Badakhshan, Badghis, Baghlan, Balkh, Bamyan, Daykundi, Farah, Faryab, Paktya, Ghazni, Ghor, Hilmand, Hirat, Nangarhar, Jawzjan, Kabul, Kandahar, Kapisa, Khost, Kunar, Kunduz, Laghman, Logar, Wardak, Nimroz, Nuristan, Paktika, Panjsher, Parwan, Samangan, Sar-e-pul, Takhar, Uruzgan, Zabul, Market Average, Armavir, Ararat, Aragatsotn, Tavush, Gegharkunik, Shirak, Kotayk, Syunik, Lori, Vayotz Dzor, Yerevan, Kayanza, Ruyigi, Bubanza, Karuzi, Bujumbura Mairie, Muramvya, Gitega, Rumonge, Bururi, Kirundo, Cankuzo, Cibitoke, Muyinga, Rutana, Bujumbura Rural, Makamba, Ngozi, Mwaro, SAHEL, CASCADES, SUD-OUEST, EST, BOUCLE DU MOUHOUN, CENTRE-NORD, PLATEAU-CENTRAL, HAUTS-BASSINS, CENTRE, NORD, CENTRE-SUD, CENTRE-OUEST, CENTRE-EST, Khulna, Chittagong, Barisal, Rajshahi, Dhaka, Rangpur, Sylhet, Mymensingh, Ouaka, Mbomou, Bangui, Nana-Mambéré, Ouham, Sangha-Mbaéré, Ombella M'Poko, Mambéré-Kadéï, Vakaga, Ouham Pendé, Lobaye, Haute-Kotto, Kémo, Nana-Gribizi, Bamingui-Bangoran, Haut-Mbomou, Nord, Extrême-Nord, Ouest, Nord-Ouest, Adamaoua, Sud-Ouest, Est, Littoral, Centre, Haut-Uele, Nord-Kivu, Ituri, Tshopo, Kwilu, Kasai, Sud-Kivu, Kongo-Central, Nord-Ubangi, Sud-Ubangi, Kasai-Central, Bas-Uele, Tanganyika, Lualaba, Kasai-Oriental, Kwango, Haut-Lomami, Haut-Katanga, Maniema, Kinshasa, Equateur, Lomami, Likouala, Brazzaville, Point-Noire, Pool, Bouenza, Cuvette, Lekoumou, Nzerekore, Boke, Kindia, Kankan, Faranah, Mamou, Labe, Kanifing Municipal Council, Central River, Upper River, West Coast, North Bank, Lower River, Bafata, Tombali, Cacheu, Sector Autonomo De Bissau, Biombo, Oio, Gabu, Bolama, Quinara, North, South, Artibonite, South-East, Grande'Anse, North-East, West, North-West, SULAWESI UTARA, SUMATERA UTARA, KALIMANTAN UTARA, JAWA BARAT, NUSA TENGGARA BARAT, NUSA TENGGARA TIMUR, SULAWESI SELATAN, JAMBI, JAWA TIMUR, KALIMANTAN SELATAN, BALI, BANTEN, JAWA TENGAH, RIAU, SUMATERA BARAT, KEPULAUAN RIAU, PAPUA, SULAWESI BARAT, BENGKULU, MALUKU UTARA, DAERAH ISTIMEWA YOGYAKARTA, KALIMANTAN BARAT, KALIMANTAN TENGAH, PAPUA BARAT, SUMATERA SELATAN, MALUKU, KEPULAUAN BANGKA BELITUNG, ACEH, DKI JAKARTA, SULAWESI TENGGARA, KALIMANTAN TIMUR, LAMPUNG, GORONTALO, SULAWESI TENGAH, Anbar, Babil, Baghdad, Basrah, Diyala, Dahuk, Erbil, Ninewa, Kerbala, Kirkuk, Missan, Muthanna, Najaf, Qadissiya, Salah al-Din, Sulaymaniyah, Thi-Qar, Wassit, Coast, North Eastern, Nairobi, Rift Valley, , Eastern, Central, Nyanza, Attapeu, Bokeo, Bolikhamxai, Champasack, Houaphan, Khammouan, Louangphabang, Louangnamtha, Oudomxai, Phongsaly, Salavan, Savannakhet, Sekong, Vientiane Capital, Vientiane, Xaignabouly, Xiengkhouang, Akkar, Mount Lebanon, Baalbek-El Hermel, Beirut, Bekaa, El Nabatieh, Nimba, Grand Kru, Grand Cape Mount, Gbarpolu, Grand Bassa, Rivercess, Montserrado, River Gee, Lofa, Bomi, Bong, Sinoe, Maryland, Margibi, Grand Gedeh, East, North Central, Uva, Western, Sabaragamuwa, Southern, Northern, North Western, Kidal, Gao, Tombouctou, Bamako, Kayes, Koulikoro, Mopti, Segou, Sikasso, Yangon, Rakhine, Shan (North), Kayin, Kachin, Shan (South), Mon, Tanintharyi, Mandalay, Kayah, Shan (East), Chin, Magway, Sagaing, Zambezia, Cabo_Delgado, Tete, Manica, Sofala, Maputo, Gaza, Niassa, Inhambane, Maputo City, Nampula, Hodh Ech Chargi, Hodh El Gharbi, Brakna, Adrar, Assaba, Guidimakha, Gorgol, Trarza, Tagant, Dakhlet-Nouadhibou, Nouakchott, Tiris-Zemmour, Central Region, Southern Region, Northern Region, Tillaberi, Tahoua, Agadez, Zinder, Dosso, Niamey, Maradi, Diffa, Abia, Borno, Yobe, Katsina, Kano, Kaduna, Gombe, Jigawa, Kebbi, Oyo, Sokoto, Zamfara, Lagos, Adamawa, Cordillera Administrative region, Region XIII, Region VI, Region V, Region III, Autonomous region in Muslim Mindanao, Region IV-A, Region VIII, Region VII, Region X, Region II, Region IV-B, Region XII, Region XI, Region I, National Capital region, Region IX, North Darfur, Blue Nile, Nile, Eastern Darfur, West Kordofan, Gedaref, West Darfur, North Kordofan, South Kordofan, Kassala, Khartoum, White Nile, South Darfur, Red Sea, Sennar, Al Gezira, Central Darfur, Tambacounda, Diourbel, Ziguinchor, Kaffrine, Dakar, Saint Louis, Fatick, Kolda, Louga, Kaolack, Kedougou, Matam, Thies, Sedhiou, Shabelle Hoose, Juba Hoose, Bay, Banadir, Shabelle Dhexe, Gedo, Hiraan, Woqooyi Galbeed, Awdal, Bari, Juba Dhexe, Togdheer, Nugaal, Galgaduud, Bakool, Sanaag, Mudug, Sool, Warrap, Unity, Jonglei, Northern Bahr el Ghazal, Upper Nile, Eastern Equatoria, Central Equatoria, Western Bahr el Ghazal, Western Equatoria, Lakes, Aleppo, Dar'a, Quneitra, Homs, Deir-ez-Zor, Damascus, Ar-Raqqa, Al-Hasakeh, Hama, As-Sweida, Rural Damascus, Tartous, Idleb, Lattakia, Ouaddai, Salamat, Wadi Fira, Sila, Ennedi Est, Batha, Tibesti, Logone Oriental, Logone Occidental, Guera, Hadjer Lamis, Lac, Mayo Kebbi Est, Chari Baguirmi, Ennedi Ouest, Borkou, Tandjile, Mandoul, Moyen Chari, Mayo Kebbi Ouest, Kanem, Barh El Gazal, Ndjaména, Al Dhale'e, Aden, Al Bayda, Al Maharah, Lahj, Al Jawf, Raymah, Al Hudaydah, Hajjah, Amran, Shabwah, Dhamar, Ibb, Sana'a, Al Mahwit, Marib, Hadramaut, Sa'ada, Amanat Al Asimah, Socotra, Taizz, Abyan
The FAO vegetable oil Price Index* reached 178.32 index points in June of 2008 during the financial crisis. During the pandemic, the price index rose to 184.56 points in October of 2021. After the start of the war in Ukraine, the index jumped to over 251 points in March of 2022. As of January 2025, the index had declined from the spike in the previous years to 153 points. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.
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🏳️🌈 International Organization English The FAOSTAT monthly Food CPI and General CPI database was based on the ILO CPI data until December 2014. In 2014, IMF-ILO-FAO agreed to transfer global CPI data compilation from ILO to IMF. Upon agreement, CPIs for all items and its sub components originates from the International Monetary Fund (IMF), and the UN Statistics Division(UNSD) for countries not covered by the IMF. However, due to a limited time coverage from IMF and UNSD for a number of countries, the Organisation for Economic Co-operation and Development (OECD), Central Bank of Western African States (BCEAO), Eastern Caribbean Central Bank (ECCB), UNdata, United Nations Conference on Trade and Development (UNCTAD) and national statistical office website data are used for missing historical data from IMF and UNSD food CPI. The FAO CPI dataset for all items(or general CPI) and the Food CPI, consists of a complete and consistent set of time series from January 2000 onwards. Data gaps on monthly Food CPI and General CPI are filled using statistical estimation procedures to have full data coverage for all countries for Food CPI and for General CPI. These indices measure the price change between the current and reference periods of the average basket of goods and services purchased by households. The General CPI is typically used to measure and monitor inflation, set monetary policy targets, index social benefits such as pensions and unemployment benefits, and to escalate thresholds and credits in the income tax systems and wages in public and private wage contracts. The FAOSTAT monthly Food CPI inflation rates are annual year-over-year inflation or percentage change over corresponding month of the previous year. The data included in Data360 is a subset of the data available from the source. Please refer to the source for complete data and methodology details. This collection includes only a subset of indicators from the source dataset.
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Meat Price Index in World increased to 127.30 Index Points in July from 125.80 Index Points in June of 2025. This dataset includes a chart with historical data for World Meat Price Index.
The Global Hunger Index (GHI) is a tool designed to comprehensively measure and track hunger globally and by region and country. Calculated each year by the International Food Policy Research Institute (IFPRI), the GHI highlights successes and failures in hunger reduction and provide insights into the drivers of hunger, and food and nutrition security. The 2014 GHI has been calculated for 120 countries for which data on the three component indicators are available and for which measuring hung er is considered most relevant. The GHI calculation excludes some higher income countries because the prevalence of hunger there is very low. The GHI is only as current as the data for its three component indicators. This year's GHI reflects the most recent available country level data for the three component indicators spanning the period 2009 to 2013. Besides the most recent GHI scores, this dataset also contains the GHI scores for four other reference periods- 1990, 1995, 2000, and 2005. A country's GHI score is calculated by averaging the percentage of the population that is undernourished, the percentage of children youn ger than five years old who are underweight, and the percentage of children dying before the age of five. This calculation results in a 100 point scale on which zero is the best score (no hunger) and 100 the worst, although neither of these extremes is reached in practice. The three component indicators used to calculate the GHI scores draw upon data from the following sources: 1. Undernourishment: Updated data from the Food and Agriculture Organization of the United Nations (FAO) were used for the 1990, 1995, 2000, 2005, and 2014GHI scores. Undernourishment data for the 2014 GHI are for 2011-2013. 2. Child underweight: The "child underweight" component indicator of the GHI scores includes the latest additions to the World Health Organization's (WHO) Global Database on Child Growth and Malnutrition, and additional data from the joint data base by the United Nations Children's Fund (UNICEF), WHO and the World Bank; the most recent Demographic and Health Survey (DHS) and Multiple Indicator Cluster Survey reports; and statistical tables from UNICEF. For the 2014 GHI, data on child underweight are for the latest year for which data are available in the period 2009-2014. 3. Child mortality: Updated data from the UN Inter-agency Group for Child Mortality Estimation were used for the 1990, 1995, 2000, and 2005, and 2014 GHI scores. For the 2014 GHI, data on child mortality are for 2012. Resources related to 2014 Global Hunger Index
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Oils Price Index in World increased to 166.80 Index Points in July from 155.70 Index Points in June of 2025. This dataset includes a chart with historical data for World Oils Price Index.
The Phosphorus Fertilizer Application data set of the Global Fertilizer and Manure, Version 1 Data Collection represents the amount of phosphorus fertilizer nutrients applied to croplands. The national-level phosphorus fertilizer application rates for crops are from the International Fertilizer Industry Association (IFA) "Fertilizer Use by Crop 2002" statistics database that is available by request from the Food and Agriculture Organization (FAO).The number of crop-specific fertilizer application rates reported for each country ranged from 2 crops (Guinea) to over 50 crops (United States), and the years for which the data are reported range from 1994 to 2001. Spatially explicit fertilizer inputs of Nitrogen (N) were computed by fusing national-level statistics on fertilizer use with global maps of harvested area for 175 crops. The data were compiled by Potter et al. (2010) and are distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).
The Nitrogen Fertilizer Application data set of the Global Fertilizer and Manure, Version 1 Data Collection represents the amount of nitrogen fertilizer nutrients applied to croplands. The national-level nitrogen fertilizer application rates for crops are from the International Fertilizer Industry Association (IFA) "Fertilizer Use by Crop 2002" statistics database that is available by request from the Food and Agriculture Organization (FAO). The number of crop-specific fertilizer application rates reported for each country ranged from 2 crops (Guinea) to over 50 crops (United States), and the years for which the data are reported range from 1994 to 2001. Spatially explicit fertilizer inputs of Nitrogen (N) were computed by fusing national-level statistics on fertilizer use with global maps of harvested area for 175 crops. The data were compiled by Potter et al. (2010) and are distributed by the Columbia University Center for International Earth Science Information Network (CIESIN).
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this graph was created in R:
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Having enough to eat is one of the fundamental basic human needs. Hunger – or, more formally, undernourishment – is defined as eating less than the energy required to maintain an active and healthy life.
The share of undernourished people is the leading indicator for food security and nutrition used by the Food and Agriculture Organization of the United Nations.
The fight against hunger focuses on a sufficient energy intake – enough calories per person per day. But it is not the only factor that matters for a healthy diet. Sufficient protein, fats, and micronutrients are also essential, and we cover this in our topic page on micronutrient deficiencies.
Undernourishment in mothers and children is a leading risk factor for death and other poor health outcomes.
The UN has set a global target as part of the Sustainable Development Goals to “end hunger by 2030“. While the world has progressed in past decades, we are far from reaching this target.
On this page, you can find our data, visualizations, and writing on hunger and undernourishment. It looks at how many people are undernourished, where they are, and other metrics used to track food security.
Hunger – also known as undernourishment – is defined as not consuming enough calories to maintain a normal, active, healthy life.
The world has made much progress in reducing global hunger in recent decades — we will see this in the following key insight. But we are still far away from an end to hunger. Tragically, nearly one-in-ten people still do not get enough food to eat.
The share of the undernourished population is shown globally and by region in the chart.
You can see that rates of hunger are highest in Sub-Saharan Africa. South Asia has much higher rates than the Americas and East Asia. Rates in North America and Europe are below 2.5%. However, the FAO shows this as “2.5%” rather than the specific point estimate.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
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.