How USDA Forecasts Retail Food Price Inflation

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By Annemarie Kuhns (au); Richard Volpe (au); Ephraim Leibtag (au); Ed Roeger (au)
Year: 2015
Pages: 43
Binding Paperback
ISBN 978-1-4578-6895-5

Product Code: 1457868954

Description

Wholesale and retail food price forecasts are useful to farmers, processors, wholesalers, consumers, and policymakers alike, as the structure and environment of food and agricultural economies are continually evolving. The U.S. Department of Agricultureäó»s (USDAäó»s) Economic Research Service (ERS) analyzes food prices and provides 12- to 18-month food price forecasts for 7 farm, 6 wholesale, and 19 retail food categories. In 2011, ERSäó»s forecasting procedure was updated to employ a method that incorporates input prices at each stage of production. This report provides a detailed description of the revised methodology as well as an analysis of the overall accuracy and performance of individual forecasts. Figures and tables. This is a print on demand report.

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