Food price indexFood price indexFood price index

Food price index

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Key data points


Last release
Observation period
Aug 2024
Next release
Forecast
Highest
160.20POINT on Mar 31, 2022
Lowest
50.50POINT on May 31, 2002

About Food price index


Category
Prices
Frequency
Monthly
Units
POINT
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The FFPI is calculated as the trade-weighted average of the prices of food commodities spanning the key agricultural markets for cereals, vegetable oils, sugar, meat and dairy products. While these commodities represent about 40 percent of gross agricultural food commodity trade (FAOSTAT), they are chosen for their high and strategic importance in global food security and trade.