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Food Price Situation and Outlook Highlights

Author

Listed:
  • Westcott, Paul C.

Abstract

Retail food prices in 1979 will average about 11 percent higher than in 1978. The farm value of the market basket of domestically produced farm foods is expected to average 11 to 13 percent above. 1978, accounting for about two-fifths of the yearly increase in grocery store prices for food. The farm-to-retail price spread is expected to average 11 to 12 percent higher and account for about half of the rise. Prices for fish and imported foods will be about 6 percent higher, accounting for the remaining tenth. Food-away-from- home prices are expected to average about 11 percent higher this year than in 1978.

Suggested Citation

  • Westcott, Paul C., 1979. "Food Price Situation and Outlook Highlights," Food Review/ National Food Review, United States Department of Agriculture, Economic Research Service, vol. 0(1), December.
    • Handle: RePEc:ags:uersfr:281415
    DOI: 10.22004/ag.econ.281415
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