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Jerry Light
Economist, Office of Prices and Living Conditions, Bureau of
Labor Statistics.
Thomas Shevlin
Formerly an economist in the Office of Prices and Living Conditions, Bureau
of Labor Statistics;
Currently an economist with the U.S. Department of the Treasury.
The dynamics of food inflation appear to have changed, such that the 1996 grain price shocks had a smaller impact than shocks in the past. This article tracks an inflationary spiral in food prices from the grain fields of the Farm Belt to kitchen tables across America during the drought and in subsequent months.
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Related BLS programs
Producer Price Index
Producer price highlights, 1996.—July 1997.
Producer price highlights, 1995.—July 1996.
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