In December 2023, the food inflation rate of Latin America and the Caribbean increased by 140.24 percent compared to the same month of the previous year.
That month, the countries with the highest food price inflation included Venezuela and Argentina. The countries with some of the lowest food price inflation included Panama and Ecuador.
Food price inflation in Latin America and the Caribbean from January 2018 to December 2023
Characteristic
Food price inflation
Jan-2018
5.08%
Feb-2018
4.86%
Mar-2018
4.36%
Apr-2018
3.7%
May-2018
4.13%
Jun-2018
5.81%
Jul-2018
6.33%
Aug-2018
7%
Sep-2018
8.5%
Oct-2018
10.02%
Nov-2018
11.05%
Dec-2018
11.36%
Jan-2019
11.73%
Feb-2019
13.02%
Mar-2019
14.61%
Apr-2019
15.53%
May-2019
15.51%
Jun-2019
14.44%
Jul-2019
14.38%
Aug-2019
14.45%
Sep-2019
14.42%
Oct-2019
13.79%
Nov-2019
14.6%
Dec-2019
15.84%
Jan-2020
16.45%
Feb-2020
16.31%
Mar-2020
16.34%
Apr-2020
17.33%
May-2020
17.28%
Jun-2020
16.95%
Jul-2020
16.57%
Aug-2020
17.11%
Sep-2020
17.38%
Oct-2020
19.06%
Nov-2020
18.78%
Dec-2020
18.71%
Jan-2021
19.26%
Feb-2021
19.7%
Mar-2021
19.68%
Apr-2021
19.93%
May-2021
21.48%
Jun-2021
22.81%
Jul-2021
24.33%
Aug-2021
24.18%
Sep-2021
24.31%
Oct-2021
23.86%
Nov-2021
23.41%
Dec-2021
23.7%
Jan-2022
24.33%
Feb-2022
27.4%
Mar-2022
30.43%
Apr-2022
32.41%
May-2022
33.34%
Jun-2022
35.05%
Jul-2022
37.47%
Aug-2022
41.07%
Sep-2022
43.8%
Oct-2022
46.25%
Nov-2022
47.42%
Dec-2022
48.56%
Jan-2023
50.05%
Feb-2023
52.55%
Mar-2023
54.54%
Apr-2023
58.62%
May-2023
60.49%
Jun-2023
60.16%
Jul-2023
60.54%
Aug-2023
70.47%
Sep-2023
80.74%
Oct-2023
84.19%
Nov-2023
101.33%
Dec-2023
140.24%
Zoomable Statistic: Select the range in the chart you want to zoom in on.
The regional food CPI is calculated using a weighted average of food and general CPI of countries under each region using the weights of Household final consumption expenditure (including non-profit institutions serving households) in 2015 in USD at constant prices of 2015. Household final consumption expenditure is available under https://unstats.un.org/unsd/snaama, in table “GDP and its breakdown at constant 2015 prices in US Dollar”.
Food inflation compared to the same month of the previous year.
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FAO. (July 3, 2024). Food price inflation in Latin America and the Caribbean from January 2018 to December 2023 [Graph]. In Statista. Retrieved November 06, 2024, from https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/
FAO. "Food price inflation in Latin America and the Caribbean from January 2018 to December 2023." Chart. July 3, 2024. Statista. Accessed November 06, 2024. https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/
FAO. (2024). Food price inflation in Latin America and the Caribbean from January 2018 to December 2023. Statista. Statista Inc.. Accessed: November 06, 2024. https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/
FAO. "Food Price Inflation in Latin America and The Caribbean from January 2018 to December 2023." Statista, Statista Inc., 3 Jul 2024, https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/
FAO, Food price inflation in Latin America and the Caribbean from January 2018 to December 2023 Statista, https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/ (last visited November 06, 2024)
Food price inflation in Latin America and the Caribbean from January 2018 to December 2023 [Graph], FAO, July 3, 2024. [Online]. Available: https://www.statista.com/statistics/1473381/food-price-inflation-latin-america/