Rising food commodity pricesand their pass-through to euro area consumer prices

Fructuoso Borrallo, Lucía Cuadro-Sáez and Javier Pérez
Authors registered in the RePEc Author Service: Lucía Cuadro Sáez

Economic Bulletin, 2022, issue 3/2022, No 23

Abstract: The global rise in food commodity prices is passing through strongly to the consumer prices that households pay for these products. Further, the current episode has seen a more widespread increase in food items than other historical periods of stress in these markets. The results of an econometric model reveal that a temporary increase of 10% in the rate of change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage points after 12 months.

Keywords: food prices; inflation; euro area. (search for similar items in EconPapers)
JEL-codes: C32 C53 E31 Q17 Q18 (search for similar items in EconPapers)
Date: 2022
Note: Analytical Articles
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2022:i:03:d:aa:n:23

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