Food and Agriculture Organization

The Food and Agriculture Organization of the United Nations (FAO) is an agency of the United Nations that leads international efforts to defeat hunger. Serving both developed and developing countries, FAO acts as a neutral forum where all nations meet as equals to negotiate agreements and debate policy. FAO is also a source of knowledge and information, and helps developing countries and countries in transition modernize and improve agriculture, forestry and fisheries practices, ensuring good nutrition and food security for all.

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    • अप्रैल 2024
      Source: Food and Agriculture Organization
      Uploaded by: Knoema
      Accessed On: 12 अप्रैल, 2024
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      The FAOSTAT monthly CPI Food CPI database was based on the ILO CPI data until December 2014. In 2014, IMF-ILO-FAO agreed to transfer global CPI data compilation from ILO to IMF. Upon agreement, CPIs for all items and its sub components originates from the International Monetary Fund (IMF), and the UN Statistics Division(UNSD) for countries not covered by the IMF. However, due to a limited time coverage from IMF and UNSD for a number of countries, the Organisation for Economic Co-operation and Development (OECD), the Latin America and the Caribbean statistics (CEPALSTAT), Central Bank of Western African States (BCEAO), Eastern Caribbean Central Bank (ECCB) and national statistical office website data are used for missing historical data from IMF and UNSD food CPI. The FAO CPI dataset for all items(or general CPI) and the Food CPI, consists of a complete and consistent set of time series from January 2000 onwards. These indices measure the price change between the current and reference periods of the average basket of goods and services purchased by households. The CPI,all items is typically used to measure and monitor inflation, set monetary policy targets, index social benefits such as pensions and unemployment benefits, and to escalate thresholds and credits in the income tax systems and wages in public and private wage contracts.