DOI: /10.5513/JCEA01/13.1.1020

Original scientific paper

DETERMINANTS OF AGRO–FOOD PRICE CHANGES IN SLOVENIA

2012, 13 (1)   p. 95-108

Sergej GRIČAR, Štefan BOJNEC

Abstract

This paper investigates the impacts of the current economic developments, the Euro adoption, and input prices on the consumer food prices. The focus of the analysis is on the consumer food price developments during the Slovenian adjustments towards the European Union membership, the Euro adoption by the followed increased in consumer prices, and the current economic and financial conditions. The empirical analysis on the determinants of the consumer food prices is based on the monthly statistical data, which were obtained from the Statistical Office of Republic of Slovenia. We use three statistical methods of the analyses on the time-series data: principal component analysis, regression analysis, and linear trend analysis. We found that the Euro adoption had only short-term impact on the consumer food prices. The rise in the consumer food prices has been determined by the intermediary costs and the agricultural producers` prices.

Keywords

agro-food chain, food prices, economic recession, euro, slovenia

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