Food prices less volatile than fuel prices

Line chart of price changes

Food prices typically move in the same direction as fuel prices, often with a slight lag, as it takes time before fuel costs are incorporated into food prices. Although the direction is often the same, the sizes of the price swings differ. Over the past 2 decades, motor fuel and household energy prices have experienced double-digit, annual price swings, while food prices have posted annual increases of between 0 and 6 percent, for an average, annual increase of 2.4 percent.


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