Work

The evolution of unprocessed food inflation in Turkey: an exploratory study on select products

Year: 2022

Type: article

Abstract: Food price increases stem from economic, agricultural, and political factors. Understanding the dynamics behind the food price formation process and assessing how potential factors contribute to food price changes will significantly affect policies formulated to manage food price increases. High food inflation rates have been a chronic problem in Turkey over the last decade, with unprocessed food prices rising faster than general price levels. In this article, we use exploratory analyses based on economic principles rather than econometric analyses. First, our results indicate that exchange rates are strongly associated with domestic food prices due to dependence on imported inputs. Second, deep-dive analyses on select products show that global price movements and pass-through prices from producer to consumer are not solely responsible for price increases.

Source: New Perspectives on Turkey

DOI: 10.1017/npt.2022.9

Authors: Serkan Demirkılıç, Gökhan Özertan, Hasan Tekgüç

Institutions: Fenerbahçe University, Boğaziçi University, Kadir Has University

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Zero hunger

Open Access status: hybrid

Estimated APC paid: $3,255