date:Apr 15, 2014
ent.
(Source USDA ERS using data from US Department of Labor Statistics)
The reasons for the long-term decrease in average food price inflation fall into two categories - factors that affected the overall economy and factors specific to the food and agricultural sector. Considering the US economy as a whole, inflation for consumer goods, including food, was abnormally high almost across the board starting in 1973. This coincides with a major depreciation of the US dollar that took place in the