Consumer price indices and food inflation
30/09/2020
The April 2020 FAOSTAT analytical brief highlights the key information provided in the latest update of the FAO’s datasets on consumer price indices (CPI).Global and regional CPI measure food inflation for a group of countries at different geographical scales. Global CPI covers 193 countries worldwide. Country consumer price indices are updated in FAOSTAT on a quarterly basis.
Between 2014 and 2018, annual food inflation in most regions of the world presented various trends. The most remarkable variation was recorded in Africa, where the food inflation rate increased from 6.7 percent in 2014 to 13.8 percent in 2017. Asia saw a significant decrease from 4.5 percent in 2014 to 1.9 percent in 2017, before increasing to 3.2 percent in 2018. Latin America and the Caribbean experienced a remarkable decline in their annual inflation food rate from 7.5 percent in 2016 to 2.9 percent in 2017 before increasing again to 4.6 percent in 2018. During the same period, both North America and Europe experienced a low inflation rate.
