Global price of Food and beverage index
PFANDBINDEXQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.10
Year-over-Year Change
-13.98%
Date Range
1/1/1992 - 4/1/2025
Summary
The Global Price of Food and Beverage Index tracks international prices for a basket of major food and beverage commodities. This key economic indicator provides insight into global food price trends and inflation pressures.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Food and Beverage Index is a composite index published by the International Monetary Fund (IMF) that measures changes in the international market prices for a diverse set of essential food and drink products. The index serves as an important barometer of global agricultural and consumer price dynamics.
Methodology
The index is calculated based on prices in U.S. dollars for a representative sample of internationally traded food and beverage items.
Historical Context
Economists and policymakers monitor this index to assess inflationary risks, food security, and the affordability of consumer staples worldwide.
Key Facts
- The index has a base year of 2016 = 100.
- Food products make up approximately 70% of the index basket.
- Index values above 100 indicate rising global food and beverage prices.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Food and Beverage Index measures changes in international market prices for a basket of major food and drink commodities.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into global food price inflation and the affordability of consumer staples, which are crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The index is calculated based on U.S. dollar prices for a representative sample of internationally traded food and beverage items.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess inflationary risks, food security, and the purchasing power of consumers worldwide.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Global Price of Food and Beverage Index (PFANDBINDEXQ), retrieved from FRED.