DYNAMICS OF FOOD PRICE INFLATION

A supply-shift concept of food price inflation is offered as an explanation of why food prices have increased in recent years. This view is consistent with cost-push theories of inflation. The effects of higher farm product prices on food prices are analyzed using Pascal distributed lag models of the price adjustment process. Estimates are presented for 23 selected food products. The results indicate that higher farm prices are passed through to the retail level most quickly for food products which are not highly processed.


Issue Date:
1979-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32292
Published in:
Western Journal of Agricultural Economics, Volume 04, Number 2
Page range:
119-132
Total Pages:
14




 Record created 2017-04-01, last modified 2017-04-27

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