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Food Prices and Rising Energy Costs

Published online by Cambridge University Press:  10 May 2017

R. McFall Lamm Jr.
R. McFall Lamm Jr.*
Affiliation:
Food Price Analysis Section, ESS, U.S.D.A., Washington, D.C.
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Extract

Higher relative prices for energy and food are often referenced as important continuing problems in the United States. For example, the Council on Wage and Price Stability attributed 5.2 percent of the 18 percent increase in the Consumer Price Index (CPI) in early 1980 to higher crude oil prices and described energy prices as “uncontrollable.” Similarly, the substantial upward movements in food prices during 1978 and 1979 were identified by policy-makers as a major source of inflation and stimulated Congressional hearings and an Administration investigation of the causes of rising food prices.

Type
Articles
Information
Journal of the Northeastern Agricultural Economics Council , Volume 10 , Issue 1 , April 1981 , pp. 17 - 21
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

The helpful comments of H. Harp, R.L. Christensen, and G.J. Elterich are gratefully acknowledged. D. Harvey and A. Rogers provided statistical assistance. Opinions presented do not necessarily represent those of the U.S. Department of Agriculture or the Economics and Statistics Service.

References

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