What is the Fair Food Price Monitor?
The Fair Food Price Monitor is a food price analysis tool, enabling users to track the relationship between food prices at different stages of the value chain, and to explore the causes of price variations.
It was developed by Consumers International with technical support from the Bureau for Food and Agricultural Policy, to facilitate rapid food price analysis as a response to anti-competitive practices.
How does it work?
Users can input data on food prices at retail, wholesale, or farmgate level, and the Monitor will generate analysis which indicates whether these prices appear to be diverging excessively. It draws upon factors such as fuel prices and currency exchange rates to determine whether the divergence can be otherwise explained.
The Monitor applies a system of green, yellow and red 'flags' to highlight where price divergences appear excessive, providing an early warning system for unfair pricing, and enabling further investigation into the causes of such distortions.