FAO's Data Lab

The Data Lab is nowcasting monthly food inflation and monitoring daily price accelerations using daily updated information to inform analysts and policymakers and warn about possible anomalous dynamics. The daily food price monitoring tool checks whether the growth rate in any of the main food items exceeds some given threshold is created on statistical grounds, and provides alerts in abnormal cases. The nowcasting model for food price inflation estimates the indices up to the current month by using averages of daily food prices and other types of frequently updated variables.

Monitoring daily food prices and nowcasting food inflation for timely insights and informing early warnings systems

Click here to access the tool
Food Prices’ Monitoring Inflation Nowcasting Early Warnings