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CED-80-24 1 (1979-12-18)

handle is hein.gao/gaobababf0001 and id is 1 raw text is: REPORT BY THE Comptroller General OF THE UNITED STATES R ELE sED ~ ~ T7~)-- ~ 'o o relea~sed o~Ird$4w kaGo rsi )' the CII Food Price Inflation In The United States And Other Countries Although American consumers are concerned about rapid food price increases, actually they are spending less of their income on food than in the past and more for other goods and serv- ices, such as housing and transportation. Compared to many other countries, U.S. food prices are among the lowest. Americans, on the average, spend less of their income on food and pay lower prices than do many foreign consumers. However, low-income Americans can pay up to 40 percent of dis- posable income for food. Even though U.S. food prices are lower and rising less rapidly than prices in many other countries, opportunities to improve the U.S. food production system and stabilize food costs should be sought. 50 4'61.2- A I ll A 1111111llllrlllllll 111168 CED-80-24 DECEMBER 18, 1979

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