Global Food Prices
The FAO Food Price Index through the 2022 spike, the two-year correction, and the 2025 turn back up.
FAO Food Price Index
Annual average, index points (2014–2016 = 100).
View data & sources →Year-on-year change in food prices
Annual % change in the FAO Food Price Index.
View data & sources →Data table
| year | points | series | source_ref | value_basis | pct |
|---|---|---|---|---|---|
| 2021 | 125.7 | index_level | fao-ffpi | FAO Food Price Index annual average 125.7 points, 2021 | |
| 2022 | 143.7 | index_level | fao-ffpi | FAO Food Price Index annual average 143.7 points, 2022 — the peak | |
| 2023 | 124 | index_level | fao-ffpi | FAO Food Price Index annual average 124.0 points, 2023 | |
| 2024 | 122 | index_level | fao-dec-release | FAO Food Price Index annual average 122.0 points, 2024 | |
| 2025 | 127.2 | index_level | fao-dec-release | FAO Food Price Index annual average 127.2 points, 2025 |
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Methodology & sources
Last updated: Aug 14, 2026Methodology
The FAO Food Price Index tracks international prices of a basket of food commodities — cereals, vegetable oils, dairy, meat and sugar — weighted by average export shares, rebased so 2014–2016 = 100. It measures INTERNATIONAL COMMODITY prices, not retail food prices. Consumer food inflation lags it and is damped by processing, packaging, transport and retail margins, which are the larger part of a shelf price in high-income countries. A 14% move in this index does not mean a 14% move at the supermarket. Annual values are averages of the twelve monthly readings, so a sharp mid-year spike is smoothed. CAVEAT: the 2022 rise (+14.3%) and 2023 fall (−13.7%) look nearly symmetrical in percentage terms but are not in level — the index did not return to its 2021 base, and prices remain well above pre-pandemic levels. Percentage changes on an index compound; they do not cancel. Re-verified 2026-08-10.
Sources
- FAO — Food Price Index ↗ FAO — public
Comparisons are informative, not definitive. See each source for definitions and limits.