Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Cleveland
Economic Commentary
Food and energy price shocks: what other prices are affected?
Todd E. Clark
Saeed Zaman
Abstract

Sharp rises in energy and other commodity prices have recently ignited concerns about inflation. Will these price increases spill over to other prices more generally? We study the typical responses of different price shocks and assess whether the recent behavior of producer and consumer prices is consistent with historical norms. Our analysis shows that the behavior of various producer and consumer prices since late 2009 has generally matched up with historical patterns. Overall, our findings suggest that effects of the recent energy and commodity price shocks on core consumer prices will be modest going forward.


Download Full text
Cite this item
Todd E. Clark & Saeed Zaman, "Food and energy price shocks: what other prices are affected?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Aug, 2011.
More from this series
JEL Classification:
Subject headings:
Keywords: Food prices; Petroleum products - Prices; Economic conditions
For corrections, contact 4D Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal