Food Price Changes--U.S. And Foreign

Economic and Statistical Analysis Division, Economic Research Service

No 320887, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: Although retail food and average consumer prices in the United States have risen gradually since 1958, the rates of increase have been much less than those in most other countries. Between 1958 and 1965, retail food prices in the United States increased 7 percent, slightly less than the increase for the entire Consumer Price Index which rose by 9 percent. The increase in food prices in the United States contrasted sharply with price increases in Argentina and Brazil, two countries that experienced hyperinflation. Since 1958, food price increases in Argentina (up 700 percent) and Brazil (up 2,000 percent) outpaced the rise in their CPI's and were far above those reported by any other country. Other countries which experienced substantial food price increases included Yugoslavia, Spain, China-Taiwan, Japan, India, Philippines, Finland, and Sweden. Countries with only slightly more of an increase in their food prices than the United States since 1958 included Honduras, Venezuela, Dominican Republic, Canada, and France. At least three countries--Ceylon, Hungary, and Czechoslovakia--reported a slower rise in food prices than the United States. Over the 1958-65 period, food prices increased only 1 percent in Ceylon and 3 percent in Hungary; Czechoslovakia reported a 2-percent drop between 1958 and 1964.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 6
Date: 1966-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/320887/files/ERS-309.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320887

DOI: 10.22004/ag.econ.320887

Access Statistics for this paper

More papers in Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().