Methodological sheet of the indicator available for the Autonomous Community of the Basque Country.
| Available indicator |
Food Price Index |
|---|---|
| Target |
2.c Adopt measures to ensure the proper functioning of food commodity markets and their derivatives and facilitate timely access to market information, including on food reserves, in order to help limit extreme food price volatility |
| Goal |
2- End hunger, achieve food security and improved nutrition and promote sustainable agriculture |
| Definition |
This indicator is composed of two series: - Indicator of Food Price Anomalies (IFPA) Food price anomaly means than market prices are abnormally high for any particular period. A food price index value greater than 1 indicates an unusual rise in food prices. Note that a value lower than -1 indicates an unusual fall in price, but this is not the focus of this indicator - Consumer Food Price Index The Consumer Price Index (CPI) is a consumer inflation or pure price index. It provides an average measure of change in the prices of goods and services bought for the purpose of consumption by households in the Basque Country |
| Theoretical formula |
Indicator of Food Price Anomalies (IFPA) \[IFPA^{t} = \frac{1}{12} \cdot \sum_{m=1}^{12} IFPA_{m}^{t}\]where: $IFPA_{m}^{t}$ = food price anomaly indicator for month $m$ of year $t$ Consumer Food Price Index \[IPC_{food}^{t} = \frac{1}{12} \cdot \sum_{m=1}^{12} IPC_{food,m}^{t}\]where: $IPC_{food,m}^{t}$ = consumer price index for food in month $m$ of year $t$ |
| Available disaggregations |
Type of food Province |
| Frequency |
Annual |
| OCECA |
The series ‘Consumer Food Price Index’ has been compiled using a methodology harmonised among the central statistical bodies of the autonomous communities |
| Data last updated | 2025/06/09 |
| Metadata last updated | 2025/08/04 |
