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Food Costs: 1960's in Perspective

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  • Dunham, Denis F.

Abstract

Food costs rose substantially in the 1960's, particularly in the latter half of the decade. In 1969, the retail cost of the USDA market basket of farm food was 19 percent higher than in 1957-59. This reflected both an increase in the farm value of foods and the marketing margin. The rapid growth of the economy and the inflationary pressures that developed largely explain the increase in food costs. Despite rising food costs, consumers spent a declining percentage of income for food every year during the 1960's.

Suggested Citation

  • Dunham, Denis F., 1970. "Food Costs: 1960's in Perspective," Miscellaneous Publications 323916, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:323916
    DOI: 10.22004/ag.econ.323916
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    Keywords

    Demand and Price Analysis; Marketing;

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