1979 Food Prices in Review
Paul C. Westcott, Westcott, Paul C.
Abstract
Open-access reader
Paul C. Westcott, Westcott, Paul C.
Abstract
Open-access reader
Retail food prices rose l0.9 percent in I 979, while the overall rate of inflation was 11.3 percent. These rates compare with a I 0-percent increase in food prices and a 7. 7-percent overall inflation rate in 1978. Retail food prices are expected to rise another 7 to 11 percent during 1980, with overall prices expected to go up 10 to 12 percent.
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Retail food prices rose l0.9 percent in I 979, while the overall rate of inflation was 11.3 percent. These rates compare with a I 0-percent increase in food prices and a 7. 7-percent overall inflation rate in 1978. Retail food prices are expected to rise another 7 to 11 percent during 1980, with overall prices expected to go up 10 to 12 percent.
Key concepts: Inflation (cosmology), Food prices, Economics, Agricultural economics, Monetary economics, Inflation rate, Interest rate, Food security