Cross-Country Analysis of Food Consumption Patterns

Topics:
Grocery
Tags:
Economic Research Service,
Food,
Food & Beverage,
Income,
Manufacturing
Source:
Economic Research Service

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Overview: This report examines how changing incomes and prices affect changes in food expenditure for a cross-section of countries ranging from low, to middle, to high income. Low-income countries spend a greater portion of their budget on food and are more responsive to income and food price changes than middle- and high-income countries. Higher value food products undergo greater budget adjustments to price and income shocks, while budgets for staple food products like cereal change the least.

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Format: PDF | Size: 46KB | Date: Jun 2001 | Pages: 9

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