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Estimating the Variance of Food Price Inflation

Published online by Cambridge University Press:  28 April 2015

Noel Blisard  and
James R. Blaylock
Noel Blisard
Affiliation:
Economic Research Service, U.S. Department of Agriculture
James R. Blaylock
Affiliation:
Economic Research Service, U.S. Department of Agriculture
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Abstract

Stochastic index theory views each commodity price change as an independent observation on the rate of inflation that can be estimated by averaging over all prices. Our methodology estimates both the overall rate of inflation and relative price changes along with standard errors.

Keywords

food pricesindex numbersinflationstandard errors of inflation
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 1 , July 1993 , pp. 245 - 252
Copyright
Copyright © Southern Agricultural Economics Association 1993

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References

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