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A Quarterly Forecasting Model for the Consumer Price Index for Food

Author

Listed:
  • Barr, Terry N.
  • Gale, Hazen F.

Abstract

A model is developed to forecast the food price component of the consumer price index published by the Bureau of Labor Statistics. The'model relates retail food prices to prices received by farmers and to wage rates in food marketing industries. The farm value and farm-retail spread of the market basket afe used as intermediate variables in transmitting till! effect of these variables to prices of food at home and all food. A system of equations structured along the lines of the USDA market basket is presented along with a set of reduced form forecasting equations.

Suggested Citation

  • Barr, Terry N. & Gale, Hazen F., 1973. "A Quarterly Forecasting Model for the Consumer Price Index for Food," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 25(1), pages 1-14, January.
    • Handle: RePEc:ags:uersja:147095
    DOI: 10.22004/ag.econ.147095
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    Cited by:

    1. Sun, Theresa Y., 1977. "Forecasting Retail Values and Spreads for the Market Basket of U.S. Farm Foods," Technical Bulletins 157865, United States Department of Agriculture, Economic Research Service.

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