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

Table 1

Descriptive statistics for the “food”, “bread and cereals”, “meat”, and “vegetables” inflation rates.

		Austria	Belgium	Finland	France	Germany	Greece	Ireland	Italy	Luxembourg	The Netherlands	Portugal	Spain
Food	M *	0.019	0.023	0.016	0.019	0.012	0.031	0.020	0.017	0.025	0.017	0.017	0.027
		(7)^∗∗	(9)	(2)	(6)	(1)	(12)	(8)	(5)	(10)	(3)	(4)	(11)
	SD*	0.021	0.020	0.034	0.020	0.024	0.025	0.018	0.035	0.016	0.029	0.028	0.025
Bread and cereals	M	0.023	0.029	0.015	0.018	0.014	0.040	0.021	0.022	0.027	0.016	0.030	0.030
		(7)	(9)	(2)	(4)	(1)	(12)	(5)	(6)	(8)	(3)	(10)	(11)
	SD	0.025	0.026	0.027	0.016	0.021	0.031	0.038	0.024	0.018	0.021	0.030	0.025
Meat	M	0.016	0.020	0.009	0.021	0.011	0.027	0.010	0.018	0.021	0.015	0.010	0.025
		(6)	(8)	(1)	(10)	(4)	(12)	(3)	(7)	(9)	(5)	(2)	(11)
	SD	0.022	0.018	0.039	0.022	0.027	0.018	0.040	0.018	0.018	0.029	0.035	0.032
Vegetables	M	0.016	0.024	0.017	0.022	0.006	0.029	0.018	0.025	0.028	0.029	0.032	0.038
		(2)	(6)	(3)	(5)	(1)	(10)	(4)	(7)	(8)	(9)	(11)	(12)
	SD	0.050	0.086	0.079	0.057	0.065	0.114	0.079	0.041	0.049	0.083	0.122	0.044

* M and SD stand for mean and standard deviation, respectively.
**The numbers in parenthesis indicate the relevance ranking for each country in the specific group.