Hostname: page-component-cd9895bd7-gbm5v Total loading time: 0 Render date: 2024-12-25T13:08:50.298Z Has data issue: false hasContentIssue false
  • English
  • Français

Estimating the Variance of Food Price Inflation

Published online by Cambridge University Press:  28 April 2015

Noel Blisard  and
James R. Blaylock
Noel Blisard
Affiliation:
Economic Research Service, U.S. Department of Agriculture
James R. Blaylock
Affiliation:
Economic Research Service, U.S. Department of Agriculture
Get access Rights & Permissions [Opens in a new window]

Abstract

Stochastic index theory views each commodity price change as an independent observation on the rate of inflation that can be estimated by averaging over all prices. Our methodology estimates both the overall rate of inflation and relative price changes along with standard errors.

Keywords

food pricesindex numbersinflationstandard errors of inflation
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 1 , July 1993 , pp. 245 - 252
Copyright
Copyright © Southern Agricultural Economics Association 1993

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Clements, J. M. and Izan, H. Y.. “The Measurement of Inflation: A Stochastic Approach.” J. Bus. and Econ. Stat., 5(1987):339–350.Google Scholar
Diewert, W. E. “The Economic Theory of Index Numbers: A Survey,” in Essays in the Theory of Consumer Behavior, ed. Deaton, A. S., Cambridge, U. K.: Cambridge University Press, (1981): 163–208.Google Scholar
Frisch, R. “Annual Survey of General Economic Theory: The Problem of Index Numbers.” Econometrica, 4(1936): 1–38.CrossRefGoogle Scholar
Haidacher, R. “Assessing Structural Change in the Demand for Food Commodities.” S. J. Agr. Econ, 15(1983):285–91.Google Scholar
Keynes, J. M.A Treatise on Money (vol.1) London: Macmillian (1930).Google Scholar
Selvanathan, E. A. “A Note on the Stochastic Approach to Index Numbers.” J. Bus. and Econ. Stat., 7(1989):471–474.Google Scholar