Retail Food Price Inflation Has Slowed Over Time
Abigail Okrent and
Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2019, vol. July 2019, issue 06
Grocery store food prices generally rise each year. However, in 2016, retail food prices actually fell 1.3 percent and fell again in 2017 (0.2 percent). These back-to-back years of deflation helped lower the 20-year moving average for grocery store price inflation from 3.6 percent in 1999 to 2.0 percent in 2018. ERS researchers identify the multiple factors contributing to recent retail food price deflation.
Keywords: Agricultural and Food Policy; Financial Economics; Marketing (search for similar items in EconPapers)
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