Food Price Inflation Rates in the Euro Zone: Distribution Dynamics and Convergence Analysis

Table 2

Unit root tests for food and eleven food product subgroups’ inflation rates.

Categories		Total period			1997M01–1999M12			2000M01–2008M09			2008M10–2010M11
		ρ-adj	t-stat	adj. 1/2 life	ρ-adj	t-stat	adj. 1/2 life	ρ-adj	t-stat	adj. 1/2 life	ρ-adj	t-stat	adj. 1/2 life
Food	S*		−0.51		0.89	−2.14	5.74	0.91	−1.37	7.56		−1.02
	A*		5.62			−1.12			3.53		0.92	−1.70	8.61
Bread and cereals	S		0.49			−0.67			−0.32		0.79	−5.12	3.00
	A		6.12			−0.67			5.44		0.79	−5.14	3.00
Meat	S		2.23		0.90	−2.26	6.84		−0.72		0.94	−1.89	11.64
	A		7.27			−1.39			5.40		0.94	−1.99	11.15
Vegetables	S	0.8	−8.86	3.06	0.81	−2.64	3.22	0.77	−8.28	2.70		−1.04
	A		1.19		0.79	−2.78	2.96		0.28			−0.92

*S, A: Schwarz and Akaike information criterion for the selection of the lags number, respectively.