Food Cost Review, 1989

Food prices, as measured by the Consumer Price Index, increased 5.8 percent in 1989, the largest increase since 1981. Higher farm prices and costs of processing and distribution both contributed to the price increase. The prices farmers received for commodities, as measured by the farm value of USDA's market basket of foods, rose 6.7 percent. This was only the second time in the decade that the rise in farm value equaled or exceeded the rise in food prices. The farm value share of the food dollar spent in grocery stores in 1989 was 30 percent, unchanged from 1988. The farm-to-retail price spread of USDA's market basket of foods rose 7.1 percent, reflecting higher prices of inputs, such as labor and packaging, used by the food industry.


Issue Date:
1990-07
Publication Type:
Report
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/305725
Language:
English
Total Pages:
62
Series Statement:
Agricultural Economic Report No. 636




 Record created 2020-10-12, last modified 2020-10-28

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