Food price inflation in Latin America and the Caribbean reached 77.62 percent in December 2024 compared to the same month the previous year. The surge in food prices has significant implications for household budgets and food security throughout Latin America. Regional variations and contributing factors While the overall trend shows a sharp increase in food prices, there are notable differences among countries in the region. Venezuela and Argentina consistently rank among the nations with the highest food price inflation, while Panama and Ecuador have experienced relatively lower rates. The consumer price index for food in Latin America and the Caribbean jumped from 425.38 points in June 2023 to 1,223.53 points in June 2024, representing an increase of over 158 percent. This rapid escalation in food costs has put considerable strain on consumers across the region. Global context and consumer impact The food price inflation crisis in Latin America is part of a broader global trend. Zimbabwe, for instance, recorded the highest level of real food inflation worldwide between December 2023 and April 2024, with a 46 percent increase compared to the previous year. Argentina followed with a 20 percent increase. The impact on consumers is significant, with many finding it increasingly difficult to afford healthy and sustainable food options. In Argentina, 62 percent of respondents reported difficulty in purchasing such foods due to a lack of affordability, an increase of 7 percentage points from 2021. Similar challenges were observed in other Latin American countries, including Peru, where the share of respondents reporting difficulties rose from 19 percent to 25 percent between 2021 and 2023.

Cost of food in the United States increased 2.90 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In May 2025, prices for food and non-alcoholic beverages were around 3.3 percent higher than in the same month last year. Compared to previous months earlier in the timeline, prices increased less.

Cost of food in Haiti increased 29.90 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Haiti Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to a survey carried out between October and November 2024, consumers in Hungary were the most likely to be expecting food prices to increase. Some 86 percent of South African survey respondents stated they expected the cost of their food shopping to increase in the coming six months. In comparison, half of Japanese respondents said the same.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food in U.S. City Average (CPIUFDNS) from Jan 1913 to May 2025 about urban, food, consumer, CPI, inflation, price index, indexes, price, and USA.

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: North, South, Artibonite, Centre, South-East, Grande'Anse, North-East, West, North-West, Market Average

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.

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 May 2025 about urban, food, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

Food Price Index in World increased to 128 Index Points in June from 127.30 Index Points in May of 2025. This dataset includes a chart with historical data for World Food Price Index.

Cost of food in Canada increased 3.40 percent in May 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.

The average for 2021 based on 165 countries was 105.854 index points. The highest value was in South Korea: 208.84 index points and the lowest value was in India: 58.17 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

When surveyed in March 2024, some ** percent of respondents in the U.S. stated that they expected grocery prices to increase. This figure peaked at ** percent in April 2024.

Cost of food in Lebanon increased 21.36 percent in May of 2025 over the same month in the previous year. This dataset provides - Lebanon Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

ABSTRACT Food prices play a major role in setting inflation rates, and in recent years’ global climatic conditions has worsened a lot while global demand is increasing due to the growth of the middle class in countries such as China and India. Rising food prices remains a key concern for the government of Saudi Arabia. Saudi Arabia remains vulnerable to increases in food prices due to its high dependence on imports. The Saudi economy is an open-market based economy which is reflected by data of foreign trade with trading partners of the Kingdom. High degree of economic openness of a country causes the domestic inflation rate to be affected by change in the prices of goods in the country of origin. Saudi government is facing the challenge of limiting inflation amid a spike in global food prices. Another major challenge to the effectiveness of the Saudi monetary policy is the lack of autonomy due to the pegged exchange rate system with the US dollar. This paper attempts to study the market dynamics of the kingdom of Saudi Arabia, drivers responsible for inflation and measures that has been taken by the government to deal with the situation.

Trinidad and Tobago: Food price index, world average = 100: The latest value from 2021 is 135.92 index points, an increase from 134.92 index points in 2017. In comparison, the world average is 105.854 index points, based on data from 165 countries. Historically, the average for Trinidad and Tobago from 2017 to 2021 is 135.42 index points. The minimum value, 134.92 index points, was reached in 2017 while the maximum of 135.92 index points was recorded in 2021.

This dataset holds valuable insights that can be leveraged by researchers, analysts, and policymakers to better understand the complex interactions between financial markets and food price inflation. Here are some potential insights that users could gain from this dataset:

Market-Food Price Correlation: By examining the relationship between financial market data (Open, High, Low, Close) and food price inflation, users can identify potential correlations. For example, they may uncover patterns where food price inflation impacts market sentiment or vice versa.

Value chain disruptions are expected to trigger sudden price changes and increase in price volatility. This is data from the FAO Daily Prices pages which monitors consumer prices of 14 main food products in all countries and compiles the average price change for each product since 14 February 2020.

Cost of food in Angola increased 25.31 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Angola Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Food price increases hit the egg category the hardest between December 2021 and December 2024 in the United States. The price of eggs increased by **** percent in 2024.