Indicator of Food Price Anomalies (IFPA), by Food CPI

The indicator of food price anomalies (IFPA) identifies market prices that are abnormally high. The IFPA relies on a weighted compound growth rate that accounts for both within year and across year price growth. The indicator directly evaluates growth in prices over a particular month over many years, taking into account seasonality in agricultural markets and inflation, allowing to answer the question of whether or not a change in price is abnormal for any particular period.

Definition:

Not available

Food system outcome type: economic impacts

Category: FoodAffordability

Unit(s) of measurement description:

Consumer Price Index (CPI)

Unit of measurement:

• Not specified

Supply chain components:

• consumption

• food processing

• primary food production

• retail