What is driving food prices corinne alexander cealexan@purdue edu purdue university august 16 2013
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What is Driving Food Prices? Corinne Alexander [email protected] Purdue University August 16, 2013. Source: USDA Economic Research Service http:// ers.usda.gov/data-products/food-price-outlook.aspx . 2014 US Food Price Inflation. ERS predicts (July 25, 2013)

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What is driving food prices corinne alexander cealexan@purdue edu purdue university august 16 2013
What is Driving Food Prices?Corinne Alexander [email protected] UniversityAugust 16, 2013

Department of Agricultural Economics

Purdue University




Source: USDA Economic Research Service

http://ers.usda.gov/data-products/food-price-outlook.aspx

Department of Agricultural Economics

Purdue University




2014 us food price inflation
2014 US Food Price Inflation

  • ERS predicts (July 25, 2013)

    • 1.5 to 2.5% for 2013

    • 2.5 to 3.5% for 2014

  • For 2013, year-to-date is about 1.5%

  • Expect 2014 to have low/normal food price inflation

    • Retailers can rebuild profit margins

  • Big drivers are:

    • Recovery in livestock sector

    • Consumer incomes

Department of Agricultural Economics

Purdue University




Food at home 2011:

$654.4 Billion

Food away 2011: $588.9 Billion

Department of Agricultural Economics

Purdue University



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