FAOSTAT releases today new consumer price indices. Annual changes in global and regional consumer price indices (CPIs) measure inflation rates of food and general consumer prices for a group of countries at different geographical scales: subregional, regional and global. The general CPI covers 207 countries, and the food CPI covers 203 countries worldwide; 18.7 percent of the observations for the food CPI and 7.9 percent for the general CPI are estimated.

Country and regional consumer price indices are updated in FAOSTAT quarterly. This FAOSTAT Analytical Brief analyses the March 2025 update.

Main findings:

• In 2024, many countries witnessed a decrease in the general and food inflation due to a decline in fuel and energy costs, lower farm-gate prices, and a gradual fading of the effects of previous shocks. Demand decreased, owing also to tighter monetary policies.
• The inflation rate (year-over-year) of the global general consumer price index increased sharply from 1.4 percent in 2020 to 7.8 percent in 2022, then decreased to 5.1 percent in 2023 and 3.0 percent in 2024.
• The inflation rate (year-over-year) of the global food consumer price index increased steadily from 2.7 percent in 2019 to 3.5 percent in 2021 and reached 10.1 percent in 2022. It then slightly eased to 8.3 percent in 2023 and sharply declined to 3.3 percent in 2024.