National Brands, Private Labels, and Food Price Inflation
This article investigates the extent to which national brand and private label (store brand) prices behave differently as food price inflation changes. Empirical tests using a range of indices support the hypotheses that rising commodity and fuel prices lead to relatively larger surges in private label prices. When food prices are rising or high, the average price dif- ference between national brands and private labels shrinks. The findings have implications for understanding the welfare effects of private labels. Moreover, they suggest that food price inflation is stronger for low-income households as food prices rise.
Year of publication: |
2014
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Authors: | Volpe III, Rickard James |
Published in: |
Journal of Agricultural and Applied Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 46.2014, 04
|
Publisher: |
Southern Agricultural Economics Association - SAEA |
Subject: | Consumer Price Index | food prices | input costs | price inflation | private labels | seemingly unrelated regression | Agribusiness | Environmental Economics and Policy |
Saved in:
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