Food price volatility
Definition
Domestic food price volatility index (in Brazil, it is called IPCA) measures the variation (volatility) in domestic food prices over time, measured as the relative variation in the domestic food price index, a standardized measure of the cost of a basket of goods. High values indicate a higher volatility (more variation) in food prices.
Interpretation
Different indicators can be used to assess the long-term outcomes of a system resilience. In the case of food systems, the ability of the system to maintain a low price-volatility in the face of shocks, is a direct way to assess the system resilience. The lower the volatility, the better.
Data source
Brazilian Institute of Geography and Statistics (IBGE) - Extended National Consumer Food Price Index for food (“IPCA alimentos”): https://sidra.ibge.gov.br/tabela/7060
| Level | Periodicity |
|---|---|
| Municipal | Yearly |
