Cross-Cutting Issues Resilience

Food price volatility



Domestic food price volatility index 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.


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.