Food prices: consumers' expected increases worldwide 2024

According to a survey carried out between March and April 2024, consumers in South Africa were the most likely to be expecting food prices to increase. Over 80 percent of South African survey respondents stated they expected the cost of their food shopping to increase in the coming six months. In comparison, some 43 percent of South Korean respondents said the same.

Share of consumers expecting the cost of food shopping to increase in the next six months worldwide as of April 2024, by country

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Release date

May 2024

More information

Region

Worldwide

Survey time period

March 22 to April 5, 2024

Number of respondents

24,801 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Figures show the share of respondents expecting for costs to rise a lot or a little.

The source notes: "Ipsos interviewed a total of 24,801 adults aged 18 years and older in India, 18-74 in Canada, Republic of Ireland, Israel, Malaysia, New Zealand, South Africa, Türkiye, and the United States, 20-74 in Thailand, 21-74 in Indonesia and Singapore, and 16-74 in all other countries.

The sample consists of approximately 1,000 individuals each in Australia, Brazil, Canada, mainland China, France, Germany, Great Britain, Italy, Japan, Mexico, New Zealand, Spain, and the U.S., and 500 individuals each in Argentina, Belgium, Chile, Colombia, Hungary, Indonesia, Ireland, Israel, Malaysia, the Netherlands, Peru, Poland, Singapore, South Africa, South Korea, Sweden, Thailand, and Türkiye. The sample in India consists of approximately 2,200 individuals, of whom approximately 1,800 were interviewed face-to-face and 400 were interviewed online.

Samples in Brazil, Chile, mainland China, Colombia, Indonesia, Ireland, Israel, Malaysia, Mexico, Peru, Singapore, South Africa, Thailand, and Türkiye are more urban, more educated, and/or more affluent than the general population."

The original survey question was phrased as follows: "Thinking now about your household spend in the six months, for each of the following types of spend, please say whether you expect it to increase, decrease or stay the same as it is now? (The cost of your food shopping).

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