FAO Food Price Index

[1][2] The FFPI is considered an indicator of future inflation[citation needed] and cost trends in the food industry.

It documents the development of world market prices of 24 agricultural commodities and foodstuffs in U.S. dollars.

Foodstuffs have been grouped by the Food and Agriculture Organization (FAO) of the United Nations into five commodity groups (meat, dairy products, cereals, oils and fats, and sugar).

When calculating the price index according to Étienne Laspeyres, the weights chosen (i.e., the quantities consumed) come from the base year.

The FAO Food Price Index is published on the first Thursday of every month.