Food Cost Review, 1992

Denis Dunham

No 305729, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Food prices, as measured by the Consumer Price Index (CPI), increased 1.2 percent in 1992, less than half the 1991 price increase of 2.9 percent . The 1992 increase was the lowest since 1967, when the index rose 0.9 percent. Higher charges for processing and distribution mainly accounted for the 1992 increase. The prices farmers received for commodities, as measured by the farm value of USDA's market basket of foods, declined 2.5 percent. The farm value share of the food dollar spent in grocery stores in 1992 was 26 percent, down from 27 percent in 1991. The farm-to-retail price spread of USDA’s market basket of foods rose 2 percent, partly reflecting higher prices of inputs, such as labor.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 53
Date: 1993-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:305729

DOI: 10.22004/ag.econ.305729

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