Price Changes in Selected Agricultural Commodities and Foods

T-RCED-89-1: Published: Oct 5, 1988. Publicly Released: Oct 5, 1988.

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GAO reviewed price changes in selected agricultural commodities and foods during 1988. GAO found that: (1) between June 1 and August 31, 1988, food prices generally increased more at the farm, processor, and retail levels than they did during the same period in 1987; (2) prices of many of the monitored food items began to increase prior to the drought, with the January to August 1988 increase being greater than the January to August 1987 increase; (3) prices increased at all levels of the food marketing system during 1988; and (4) agricultural commodity price changes had a limited impact on retail food prices, since they comprised a small portion of retail food costs.

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