Food Cost Indexes for Low-Income Households and the General Population
- by Noel Blisard, David Smallwood and Steve M. Lutz
- 2/1/1999
Overview
The results of this study indicate that the Consumer Price Index (CPI) has not systematically overestimated or underestimated the food costs incurred by the general population. True-cost-of-food indexes calculated for the general population tend to be the same as or slightly lower then the CPI except for 1994 and 1995. The true-cost indexes also indicate that there are economies to household size, that black households incur lower costs than nonblack households, and that the households in the West tend to have the highest costs. True-cost indexes for low-income households tend to be about the same as the CPI for one-person households, and lower than the CPI for two- and four-person households in all years. This is a significant finding in that components of the CPI for food at home are indirectly used to adjust benefit levels for food stamp recipients.
Download
-
Entire report
Download PDF -
Front Matter (Abstract, Table of Contents, Summary)
Download PDF -
Introduction
Download PDF -
Laspeyres and True-Cost-of-Food Indexes
Download PDF -
The Piglog Model
Download PDF -
The Tornqvist Index as a True-Cost Index
Download PDF -
Estimating the True-Cost Index of the Piglog Model
Download PDF -
Incorporating Demographics into the Model
Download PDF -
Data Sources and Descriptive Statistics
Download PDF -
Empirical Results
Download PDF -
References
Download PDF