Structure and Food Price Inflation

Structure and Food Price Inflation

We pair Nielsen TDLinx data, 2004–2014, with Consumer Price Index data to investigate how changes in food retail market structure drive food price inflation. We find, in corroboration with much of the evidence to date, that market concentration is positively and significantly associated with higher...

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Veröffentlicht in:Journal of agricultural & food industrial organization 2018, Vol.16 (1), p.1-16
Hauptverfasser: Rahkovsky, Ilya, Volpe, Richard
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Sprache:eng
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CPI
food price inflation
food retail
market structure
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container_title Journal of agricultural & food industrial organization
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creator Rahkovsky, Ilya
Volpe, Richard
description We pair Nielsen TDLinx data, 2004–2014, with Consumer Price Index data to investigate how changes in food retail market structure drive food price inflation. We find, in corroboration with much of the evidence to date, that market concentration is positively and significantly associated with higher food prices. We find the same to be true for store format concentration, or the homogeneity of food markets. As the market shares, or penetration, of supercenters, warehouse stores, limited assortment stores, and superettes increase at expense of traditional supermarkets, food price inflation decreases.
doi_str_mv 10.1515/jafio-2017-0004
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source De Gruyter journals
subjects CPI
food price inflation
food retail
market structure
title Structure and Food Price Inflation
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