Consumer Factors Affecting the Gap between Food Price Index and Consumer Sentiment Price

Taeho Heo

Journal of Rural Development/Nongchon-Gyeongje, 2020, vol. 43, issue 01

Abstract: In this study, we calculated the Price Index and Cognition Difference Index(PICDI) by analyzing the difference between the real food price index and consumer sentiment price. Our analysis of the PICDI calculated in this study shows that most consumers perceive the consumer sentiment price index higher than the real food price index. We also analyzed the factors influencing this difference. The result shows that both the real food price index and consumer sentiment price are influenced by gender, occupation, purchasing frequency, purchasing location, income, and expenditure.

Keywords: Agricultural and Food Policy; Demand and Price Analysis (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:330779

DOI: 10.22004/ag.econ.330779

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