In June 2024, the average consumer price index (CPI) for food in Latin America and the Caribbean amounted to 1,223.53 points. In contrast, a year earlier, this value was of 425.38. This represents an increase of over 158 percent.
That month, the countries with the highest food CPI included Venezuela and Argentina. The countries with some of the lowest food price inflation included Panama and Ecuador.
Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024
The regional food CPI is calculated using a weighted average of food and general CPI of countries under each region using the weights of Household final consumption expenditure (including non-profit institutions serving households) in 2015 in USD at constant prices of 2015. Household final consumption expenditure is available under https://unstats.un.org/unsd/snaama, in table “GDP and its breakdown at constant 2015 prices in US Dollar”.
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FAO. (November 11, 2024). Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024 [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
FAO. "Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024." Chart. November 11, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
FAO. (2024). Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
FAO. "Food Consumer Price Index in Latin America and The Caribbean from January 2018 to June 2024." Statista, Statista Inc., 11 Nov 2024, https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
FAO, Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024 Statista, https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/ (last visited December 24, 2024)
Food consumer price index in Latin America and the Caribbean from January 2018 to June 2024 [Graph], FAO, November 11, 2024. [Online]. Available: https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
