International Prices for Oils and Fats from ICP 2017

Oils and fats price data compiled by the International Comparison Program (ICP) for the 2017 benchmark year. This dataset enables cross-country comparisons of purchasing power parity and relative price levels for this specific food commodity group. It originates from the World Bank's ICP initiative, a global statistical partnership.

Use Cases

• Calculate purchasing power parities for the oils and fats category by comparing country_price to a reference currency.
• Analyze regional price disparities by grouping data using country and region columns.
• Model the relationship between oils and fats prices and broader economic indicators using country-level metadata.
• Track relative price levels of this food group over time when linked with other ICP benchmark years.

Strengths

• Data is produced by the International Comparison Program, a major global statistical partnership coordinated by the World Bank.
• Provides standardized price comparisons for a specific, well-defined product category (oils and fats) across many economies.

Limitations

• Data is from a single benchmark year (2017), limiting analysis of trends over time.
• Specific row count, column details, and geographic coverage are unknown from the provided metadata.

Provenance

Source

World Bank International Comparison Program (ICP) 2017.

Collection Method

Collected through a global statistical initiative for calculating purchasing power parities and price level indexes.

Time Range

2017 benchmark year.

Freshness

null

Geography

International coverage, specific countries unknown.