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 saw a modest decline in 2023 compared to the preceding year, but it remains three times higher than the 2015–19 average value – a significant deterioration for the achievement of this target.
Extreme food price volatility has negative consequences on food security, hampering effective decision-making by both producers and consumers, and especially affecting vulnerable groups such as small-scale food producers and family farmers.
The proportion of countries with moderately to abnormally high food prices saw a modest decline in 2023, but it remains three times higher than the 2015–19 average value. While some regions saw slight improvements, ongoing geopolitical tensions and weather-related disruptions, particularly in Asia and Small Island Developing States, contributed to the continued instability in global food markets.
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
An overview of the 2030 Agenda for Sustainable Development and the importance of monitoring the 169 targets associated with the 17 Sustainable Development Goals (SDG).
01/01/2020
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