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Food prices less volatile than fuel prices

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Food prices less volatile than fuel prices
Food prices usually move in the same direction as fuel prices, often with a slight lag as fuel costs are incorporated into food prices. While the direction is often the same, the sizes of the price swings differ. Over the last two decades, motor fuel and household energy prices have experienced double-digit annual price swings, while food prices have posted annual increases of between 1 and 6 percent, for an average annual increase of 2.7 percent.

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Last updated: Tuesday, February 11, 2014

For more information contact: Richard Volpe

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