Global price of Olive Oil
POLVOILUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,075.41
Year-over-Year Change
-44.58%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Olive Oil measures the international wholesale price of olive oil. This key indicator is closely tracked by economists and policymakers to understand trends in food commodity markets and global inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Olive Oil is an important time series that tracks the wholesale price of olive oil on the global market. Olive oil is a widely consumed food product with significant economic and geopolitical importance, so this series provides valuable insights into international trade and supply chain dynamics.
Methodology
The data is collected by the United Nations' Food and Agriculture Organization (FAO) through surveys of major olive oil producing and exporting countries.
Historical Context
Olive oil prices are monitored by central banks, trade organizations, and market analysts to assess inflationary pressures and the health of global agricultural markets.
Key Facts
- Olive oil is a core ingredient in the Mediterranean diet.
- Global olive oil production is concentrated in a few countries like Spain, Italy, and Greece.
- Prices are influenced by factors like weather, pests, and international trade policies.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Olive Oil measures the wholesale international price of olive oil, a key food commodity.
Q: Why is this trend relevant for users or analysts?
A: Olive oil prices are closely watched by economists, policymakers, and market participants to understand inflationary pressures and global agricultural trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the United Nations' FAO through surveys of major olive oil producing and exporting countries.
Q: How is this trend used in economic policy?
A: Central banks, trade organizations, and market analysts use this series to assess inflationary risks and the health of global agricultural commodity markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may be subject to revisions based on updated information from surveyed countries.
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Citation
U.S. Federal Reserve, Global Price of Olive Oil (POLVOILUSDM), retrieved from FRED.