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Food Price Dynamics and Price Adjustment in the EU$
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Steve McCorriston

Print publication date: 2015

Print ISBN-13: 9780198732396

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780198732396.001.0001

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Food Inflation in the EU: Contrasting Experience and Recent Insights

Food Inflation in the EU: Contrasting Experience and Recent Insights

Chapter:
(p.20) Chapter 2 Food Inflation in the EU: Contrasting Experience and Recent Insights
Source:
Food Price Dynamics and Price Adjustment in the EU
Author(s):

Tim Lloyd

Steve McCorriston

Wyn Morgan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198732396.003.0002

This chapter provides the background for the remaining chapters in the book. The chapter focuses on two dimensions of the issue. First, it reports on the extent to which food inflation has varied across EU Member States and how the experience of food inflation has differed from non-food inflation. Second, given that the experience of food inflation relates to price transmission and, in particular, concerns that (the lack of) competition in the food sector may impact on the pass-through of commodity price shocks to retail prices, the chapter reviews the theoretical and empirical literature on price transmission. Finally, it reports on recent research on the experience of food inflation in EU Member States that confirms that aspects of competition in the food sector may play an important role in determining the differences in food inflation across the EU.

Keywords:   food inflation, non-food inflation, price transmission

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