Food Costs: 1960's in Perspective

Denis F. Dunham

No 323916, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Food costs rose substantially in the 1960's, particularly in the latter half of the decade. In 1969, the retail cost of the USDA market basket of farm food was 19 percent higher than in 1957-59. This reflected both an increase in the farm value of foods and the marketing margin. The rapid growth of the economy and the inflationary pressures that developed largely explain the increase in food costs. Despite rising food costs, consumers spent a declining percentage of income for food every year during the 1960's.

Keywords: Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 10
Date: 1970-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:323916

DOI: 10.22004/ag.econ.323916

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