Indicator 2.c.1 - Indicator of (food) price anomalies
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.
Indicator 2.c.1: Progress Assessment
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
The proportion of countries with moderately to abnormally high food prices declined year-on-year in 2021, but remained above the 2015–2019 average.
Globally, the share of countries experiencing moderately to abnormally high food prices fell from 48.1 percent in 2020 to 21.5 percent in 2021. Despite this significant drop, the 2021 share was higher than the 2015–2019 average (15.2 percent), driven by upward price trends in international markets. The increase in international prices of food items, which started in mid-2020 following a rebound in demand with the easing of the COVID-19-related restrictive measures, continued in 2021. On the supply side, the upward pressure resulted from rising costs of inputs (energy and fertilizers), persisting disruptions to supply chains because of the COVID-19 pandemic, as well as poor weather and/or trade policy changes among key exporters. The strong demand for food and animal feed, together with sustained increases in freight costs during the first nine months of 2021, also supported higher prices.
Elearning
SDG Indicator 2.c.1 - Food price anomalies
01/02/2018
This course is a clear and easy-to-use guide to understand
Multimedia
SDG 2 – Indicator of price volatility
01/01/2020
An overview of the 2030 Agenda for Sustainable Development and the importance of monitoring the 169 targets associated with the 17 Sustainable Development...
Tracking progress on food and agriculture-related SDG indicators (2022)
01/09/2022
Tracking progress on food and agriculture-related SDG indicators offers detailed analyses and trends on selected indicators for which...
Capacity development
19/ 9
2022
Report's launch: "Tracking progress on food and agriculture-related SDG indicators 2022"
Hybrid Event, 19/09/2022
Seven years into the 2030 Agenda, there is an urgent need to understand where the world stands in eliminating hunger and food insecurity, as well as in ensuring sustainable agriculture. FAO's new report, “Tracking progress on food and agriculture-related SDG indicators”, offers analysis and trends on indicators across eight SDGs (1, 2, 5, 6, 10, 12, 14 and 15), highlighting areas o...
Methodology
Tier: I
Data
- SDG Indicators Global Database
- GIEWS | Food Price Monitoring and Analysis Tool
- FAOSTAT - Consumer Price Indices
- FAOSTAT - SDG Indicators
- FAO price data and analysis