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Construction of True Cost of Food Indexes from Estimated Engel Curves

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  • William Noel Blisard
  • James R. Blaylock

Abstract

This paper applies a technique to derive true cost-of-living indexes from the estimation of a simple system of piglog Engel curves. This technique allows a maximum amount of commodity disaggregation, and the indexes show the impact of inflation on households with different expenditure levels and demographic characteristics. Results indicate that the consumer price index (CPI) underestimated the cost of food over the 1980–85 period. The CPI more accurately reflects the cost of food for nonwhite households with low or average food expenditures.

Suggested Citation

  • William Noel Blisard & James R. Blaylock, 1991. "Construction of True Cost of Food Indexes from Estimated Engel Curves," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 775-783.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:3:p:775-783.
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    File URL: http://hdl.handle.net/10.2307/1242830
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    Cited by:

    1. Wynne, Mark A & Sigalla, Fiona D, 1996. "A Survey of Measurement Biases in Price Indexes," Journal of Economic Surveys, Wiley Blackwell, vol. 10(1), pages 55-89, March.

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