Return to Food Demand
Analysis
| Table 2-Price flexibility
estimates |
|
Food price of
|
Own quantity
|
Selected quantity increase by
1-percent of
|
|
Beef
|
Pork
|
Chicken
|
Cheese |
Milk
|
Oranges
|
Tomatoes
|
| |
Percent
|
| Beef |
-1.156
|
-1.156
|
-0.179
|
-0.160
|
0.038
|
0.011
|
-0.042
|
-0.016
|
| Pork |
-1.142
|
-0.314
|
-1.142
|
-0.185
|
-0.015
|
0.072
|
-0.018
|
-0.006
|
| Other meats |
-1.198
|
-0.491
|
-0.286
|
-0.076
|
-0.057
|
-0.163
|
-0.008
|
-0.003
|
| Chicken |
-1.239
|
-0.836
|
-0.550
|
-1.239
|
-0.209
|
0.097
|
0.025
|
-0.043
|
| Turkey |
-0.594
|
-0.677
|
-0.087
|
-0.393
|
-0.011
|
0.038
|
-0.040
|
0.048
|
| Fresh and frozen fish |
-0.157
|
-0.440
|
0.038
|
0.183
|
0.147
|
0.134
|
-0.089
|
-0.093
|
| Canned and cured fish |
-0.036
|
0.048
|
0.010
|
-0.235
|
0.111
|
0.253
|
-0.097
|
-0.088
|
| Eggs |
-3.689
|
-0.312
|
-0.164
|
-0.251
|
-0.249
|
-0.030
|
0.056
|
-0.045
|
| Cheese |
-0.366
|
0.347
|
-0.068
|
-0.352
|
-0.366
|
0.108
|
0.022
|
-0.057
|
| Fluid milk |
-0.294
|
0.033
|
0.085
|
0.044
|
0.024
|
-0.294
|
-0.002
|
-0.040
|
| Evaporated and dry milk |
-0.095
|
0.076
|
0.094
|
0.026
|
0.019
|
-0.255
|
0.017
|
-0.059
|
| Wheat flour |
-0.313
|
-0.073
|
-0.067
|
0.005
|
-0.052
|
-0.142
|
-0.005
|
-0.015
|
| Rice |
-0.236
|
-0.051
|
-0.047
|
-0.213
|
0.202
|
-0.192
|
0.052
|
-0.030
|
| Potatoes |
-0.711
|
-0.461
|
-0.081
|
0.050
|
-0.248
|
-0.743
|
-0.113
|
-0.055
|
| Butter |
-0.502
|
-0.107
|
0.135
|
0.176
|
-0.030
|
-0.744
|
0.052
|
0.005
|
| Margarine |
-0.130
|
0.259
|
0.046
|
-0.090
|
0.149
|
-0.140
|
-0.029
|
-0.143
|
| Other fats and oils |
-0.647
|
0.260
|
0.090
|
0.016
|
-0.060
|
0.103
|
-0.056
|
-0.078
|
| Apples |
-0.413
|
-0.319
|
-0.353
|
-0.047
|
-0.167
|
-0.352
|
0.272
|
0.134
|
| Oranges |
-0.756
|
-0.843
|
-0.214
|
0.096
|
0.045
|
-0.035
|
-0.756
|
0.008
|
| Bananas |
-0.335
|
-0.033
|
-0.115
|
-0.169
|
0.105
|
-0.158
|
0.193
|
-0.118
|
| Grapes |
-0.419
|
0.093
|
-0.201
|
0.128
|
0.144
|
-0.339
|
-0.004
|
-0.026
|
| Grapefruits |
-0.637
|
0.086
|
0.137
|
-0.290
|
0.072
|
0.719
|
0.336
|
-0.223
|
| Other fresh fruits |
-0.083
|
-0.349
|
-0.132
|
0.068
|
-0.007
|
0.027
|
-0.088
|
-0.040
|
| Lettuce |
-0.774
|
-0.768
|
-0.242
|
-0.055
|
0.393
|
-0.048
|
-0.020
|
0.028
|
| Tomatoes |
-0.719
|
-0.275
|
-0.061
|
-0.145
|
-0.116
|
-0.377
|
0.008
|
-0.719
|
| Celery |
-0.687
|
-0.111
|
-0.422
|
-0.519
|
0.564
|
0.733
|
0.077
|
0.332
|
| Onions |
-1.367
|
-0.953
|
-0.504
|
0.068
|
-0.396
|
-0.015
|
0.093
|
0.392
|
| Carrots |
-0.101
|
0.207
|
-0.174
|
0.380
|
-0.351
|
0.498
|
0.106
|
-0.280
|
| Other fresh vegetables |
-0.177
|
-0.398
|
-0.120
|
-0.422
|
0.253
|
-0.259
|
0.008
|
0.112
|
| Fruit juices |
-0.781
|
-0.067
|
0.449
|
-0.176
|
-0.079
|
-0.024
|
-0.199
|
-0.110
|
| Canned tomatoes |
-0.360
|
0.306
|
-0.049
|
0.093
|
0.018
|
-0.019
|
0.020
|
-0.250
|
| Canned peas |
-0.228
|
0.300
|
-0.092
|
0.163
|
-0.197
|
-0.031
|
0.031
|
-0.080
|
| Canned fruit cocktails |
-0.115
|
-0.062
|
-0.055
|
0.026
|
-0.156
|
0.381
|
-0.069
|
0.065
|
| Peanuts and tree nuts |
-0.263
|
0.213
|
-0.246
|
-0.258
|
0.107
|
0.052
|
0.038
|
0.063
|
| Other processed fruits and vegetables |
-0.493
|
0.238
|
0.036
|
0.034
|
-0.103
|
0.012
|
-0.029
|
0.025
|
| Sugar |
-2.480
|
0.234
|
0.182
|
0.026
|
0.048
|
-0.149
|
0.003
|
-0.019
|
| Sweetners |
-0.155
|
-0.097
|
0.025
|
0.133
|
0.081
|
-0.105
|
-0.048
|
0.130
|
| Coffee and tea |
-2.515
|
0.953
|
0.126
|
0.100
|
0.056
|
0.266
|
0.000
|
-0.093
|
| Frozen dairy products |
-0.196
|
0.165
|
0.094
|
0.201
|
-0.119
|
-0.136
|
0.003
|
0.022
|
| Nonfood |
-0.902
|
0.018
|
0.015
|
0.015
|
0.000
|
-0.007
|
0.002
|
0.004
|
Note: Each estimate of price flexibility shows the percentage
change of a food price in response to a 1-percent increase in a
food quantity.
Source: USDA, ERS.
|