Food Cost Review, 1950-97
by
Howard Elitzak
Agricultural Economic Report No. (AER-780) 54 pp, June 1999
cover image
Food prices, as measured by the Consumer Price Index (CPI), increased 2.6 percent in 1997. This increase was greater than the overall increase in the CPI (which rose 2.3 percent) for the third consecutive year. Higher charges for processing and distributing food, as measured by the farm-to-retail price spread, were primarily responsible for the 1997 increase. The prices farmers received for commodities, as measured by the farm value of USDA's market basket of foods, dropped 4.4 percent. The farm value share of the food dollar spent in grocery stores in 1997 was 23 percent, a decrease of 2 percent from 1996. The farm-to-retail price spread of USDA's market basket of foods rose 4.7 percent, partly reflecting higher prices of inputs, such as labor.
Keywords: Retail food prices, farm-to-retail price spread, farm value share, food marketing costs, food spending, profits, productivity
In this publication...
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Abstract, Contents, Summary, Pdf file 40 kb
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Why USDA Measures Price Spreads, Pdf file 24 kb
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The 1997 Economy: An Overview, Pdf file 46 kb
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Price Spreads for Selected Foods, Pdf file 37 kb
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Food Industry Costs, Profits, and Productivity, Pdf file 135 kb
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Food Spending in Relation to Income, Pdf file 31 kb
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Food Spending as a Proportion of Income, Pdf file 21 kb
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Special Article: Historical Changes in CPI-Food Weights, Pdf file 38 kb
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Tables, Pdf file 97 kb
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Entire report, Pdf file 317 kb
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