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Home  > Market and prices > Price Monitoring

Price Monitoring Tool

What is it for?

The price monitoring tool can be used to monitor developments in market prices.

Given appropriate data, the price monitoring tool can be used for any level of the marketing system (farm, wholesale, retail). It can also be used for any type of food commodity.

Data Requirements

The data requirements are relatively simple: monthly data on nominal market prices and the consumer price index (CPI). At least seven years of data are highly desirable, although it is possible to work with less depending on market dynamics.

Software Requirements

Any basic spreadsheet programme can be used. The final output is a graph that shows past trends in prices as well as “benchmarks” for future price developments.

 

The “Improved Global Governance for Hunger Reduction” programme is funded by the European Union with additional resources provided by the Food and Agriculture Organization of the United Nations (FAO). The programme is managed by FAO and collaborates with the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP)”