Annual food price index by category worldwide 2000-2024

The annual FAO Food Price Index* (FFPI) averaged 124.7 points in 2023, down 20 points from 2022. The highest value for the index in the past ten years was reached in 2022.

Annual food price index worldwide from 2000 to 2024, by category

Characteristic	All food	Meat	Dairy	Cereals	Vegetable oils	Sugars
2024*	118	109.8	118.9	120.1	122.5	135.3
2023	124.7	114.7	123.7	130.9	126.3	145
2022	144.7	118.8	149.5	154.7	187.8	114.5
2021	125.8	107.7	119.6	131.2	164.9	109.3
2020	98.1	95.5	101.8	103.1	99.4	79.5
2019	95.1	100	102.8	96.6	83.2	78.6
2018	95.9	94.9	107.3	100.8	87.8	77.4
2017	98	97.7	108	91	101.9	99.1
2016	91.9	91	82.6	88.3	99.4	111.6
2015	93	96.7	87.1	95.9	89.9	83.2
2014	115	112.2	130.2	115.8	110.6	105.2
2013	120.1	106.2	140.9	129.1	119.5	109.5
2012	122.8	105	111.7	137.4	138.3	133.3

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2010 to 2024

Special properties

Nominal data (including: meat, dairy, cereals, vegetable oils, and sugar)

Supplementary notes

The source notes: "Food Price Index: Consists of the average of 5 commodity group price indices (meat, dairy, cereals, vegetable oil, and sugar price indices), weighted with the average export shares of each of the groups for 2014-2016: in total 95 price quotations considered by FAO commodity specialists as representing the international prices of the food commodities are included in the overall index. Each sub-index is a weighted average of the price relatives of the commodities included in the group, with the base period price consisting of the averages for the years 2014-2016. "
"Meat Price Index: Based on 35 average export unit values/market prices of four meat types (bovine, pig, poultry, and ovine)". "Dairy Price Index: Computed using 8 price quotations of four dairy products (butter, cheese, SMP, and WMP)". "Vegetable Oil Price Index: Consists of an average of 10 different oils". "Cereals Price Index: Compiled using the International Grains Council (ICG) wheat price index". "Sugar price index from the International Sugar Agreement"
*Forecast.

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