In December 2023, the average consumer price index (CPI) for food in Latin America and the Caribbean amounted to 776.95 points. In contrast, a year earlier, this value was 323.4. This represents an increase of over 140 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 December 2023
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. (July 3, 2024). Food consumer price index in Latin America and the Caribbean from January 2018 to December 2023 [Graph]. In Statista. Retrieved November 23, 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 December 2023." Chart. July 3, 2024. Statista. Accessed November 23, 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 December 2023. Statista. Statista Inc.. Accessed: November 23, 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 December 2023." Statista, Statista Inc., 3 Jul 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 December 2023 Statista, https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/ (last visited November 23, 2024)
Food consumer price index in Latin America and the Caribbean from January 2018 to December 2023 [Graph], FAO, July 3, 2024. [Online]. Available: https://www.statista.com/statistics/1473379/food-consumer-price-index-latin-america/
