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Country-Specific Food Price Trends
Food & Beverage Consumption
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About
This dataset offers monthly food price inflation estimates by product, market, and countries. Its primary purpose is to provide insight into price developments that might extend beyond what is formally measured by traditional methods. Traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level, which may not accurately reflect actual price trends in rural or poverty-stricken areas where large populations reside in fragile situations. This dataset aims to address that gap by offering more timely and granular data.
Columns
- Monthly food price estimate (open): The opening estimated value for food prices in a given month.
- Monthly food price estimate (high): The highest estimated value for food prices within a month.
- Monthly food price estimate (low): The lowest estimated value for food prices within a month.
- Monthly food price estimate (close): The closing estimated value for food prices in a given month.
- Inflation: The calculated monthly estimate of food price inflation.
- country: The name of the specific country to which the food price estimate applies.
- ISO3: The standardised three-letter code representing the country.
- date: The specific date of the estimate, presented in a month/day/year format.
Distribution
The dataset is provided in CSV file format and includes three distinct CSV files. One of these is
WLD_RTFP_country_2023-10-02.csv, which is approximately 272.65 kB in size. The dataset includes monthly food price inflation estimates by country, aggregated estimates for all food products, and information on the model used. The main file contains around 4,798 individual records or rows.Usage
This dataset is ideally suited for:
- Informing economic policy decisions, particularly concerning food prices and stability.
- Gaining detailed insights into food price developments that might not be captured by conventional measurement tools.
- Analysing and understanding actual price trends in rural or poverty-stricken areas, where timely data is crucial.
- Monitoring food security and economic indicators in various developing or fragile regions.
Coverage
- Geographic Scope: The dataset covers a range of countries including Afghanistan, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Republic of the Congo, The Gambia, Guinea-Bissau, Haiti, Iraq, Lao People's Democratic Republic, Lebanon, Liberia, Mali, Mozambique, Myanmar, Niger, Nigeria, Somalia, South Sudan, Sudan, and Syrian Arab Republic.
- Time Range: The data spans from 1st January 2007 to 1st October 2023. Updates to the dataset are expected on a monthly basis.
- Product Scope: A wide array of food products are included, such as: apples, bananas, beans, bread, bulgur, cabbage, carrots, cassava (and its derivatives), cheese, chickpeas, cocoyam, instant coffee, cowpeas, cucumbers, dates, eggplants, eggs, various fish (catfish, mackerel, salted, sardine canned, smoked, tilapia, tuna canned), gari, garlic, groundnuts, lentils, lettuce, livestock (sheep, goat, castrated male variants), maize (and its derivatives), meat (beef, beef canned, beef minced, buffalo, chicken, chicken plucked, chicken whole frozen, goat, pork), milk, millet, oil, onions, oranges, parsley, pasta, peas, plantains, potatoes, pulses, rice, salt, sesame, sorghum (including food aid), sugar, tea, tomatoes (and paste), wheat (and flour), and yogurt.
License
Attribution 4.0 International (CC BY 4.0)
Who Can Use It
This dataset is valuable for:
- Policymakers and government agencies requiring current economic data for decision-making.
- Researchers and academics focused on development economics, food security, and market analysis.
- Non-governmental organisations and humanitarian aid groups assessing needs and planning interventions in vulnerable regions.
- Data analysts and statisticians interested in tracking global food price volatility and its socio-economic impacts.
Dataset Name Suggestions
- Global Food Price Inflation Estimates
- Monthly World Food Price Index
- Country-Specific Food Price Trends
- Food Price Dynamics Tracker
Attributes
Original Data Source: Country-Specific Food Price Trends
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