FAO Food Price Index
When you hear news about a global food crisis or grain prices spiking, this is the data they're talking about. The FAO tracks five basic food groups (grains, cooking oils, dairy, meat, and sugar) and measures their prices on the world market every month. Instead of actual dollar amounts, they use an index where each commodity has a baseline, then goes up or down from there. So if the cereals index jumps from 180 to 220, grain prices went up significantly. This data matters because sharp price swings can trigger hunger crises in poorer countries and affect what you pay at the grocery store.
- Source rows:
- 364
- Coverage:
- 1990-01-09T00:00:00Z – 2020-04-09T00:00:00Z
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