Sustainable Development Goals

Indicator 2.c.1 - Indicator of (food) price anomalies

The proposed indicator of food price anomalies measures the number of "Price Anomalies" that occur on a given food commodity price series over a given period of time. This indicator will measure progress towards SDG Target 2.c.

Target 2.c

Adopt measures to ensure the proper functioning of food commodity markets and their derivatives and facilitate timely access to market information, including on food reserves, in order to help limit extreme food price volatility.

Proportion of countries by region affected by high or moderately high general food prices in the period 2016-17

  • Moderate
  • High

Impact

Detecting current and future trends in international food markets is essential for preventing potential crises. This indicator gives regular price information on a basket of goods to help ensure appropriate measures can be taken to offset hikes.

Key results

High general food prices affected one in four countries in Africa and Western Asia in 2016-2017.

During the period 2016-2017, high volatility of general food prices affected a quarter of countries in Africa and Western Asia, and a fifth of countries in Central and Southern Asia. Landlocked developing countries are particularly prone to high volatility of general food prices, with up to 37% of countries affected during the period. There tend to be multiple driving factors for food price volatility; however due to their isolation from world markets and scarcity of arable land, Landlocked developing countries were usually more vulnerable to economic shocks, tariff changes and natural disasters. By contrast, high volatility of general food prices affected only a small proportion of countries in Oceania, North America and Europe, and Latin America and the Caribbean. Moderate increases in general food prices, on the other hand, affected all regions. In East and South-East Asia, while no country was affected by high general food price volatility during the same period, over one third of countries experienced an episode of moderate general food price volatility. In Oceania, only a handful of countries have reported general food prices indices, making it impossible to draw conclusions about food price volatility in the region as a whole.

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