Average annual food expenditures in urban households rose 59 percent from $985 per person in 1980 to $1,567 in 1992 While per person income rose 94 percent from $6,916 to $13,398. As a result, the percent of household income spent on food declined from 14.2 to 11.7 percent Annual spending per...

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.

This article uses a double-hurdle model to examine the demand for cheese. Essentially, this approach argues that the effects of advertising and other factors on product demand should be judged in terms of their influence on two separate decisions: a decision to participate in the market for...

Estimation and simulation of food expenditure models indicate that Americans 65 and older tend to spend more on food at home and less on food away from home than do younger households. Some regional variation occurs with the Northeast and West spending the most on total food. The econometric...