Research Seminars @ Illinois

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Tailored for undergraduate researchers, this calendar is a curated list of research seminars at the University of Illinois. Explore the diverse world of research and expand your knowledge through engaging sessions designed to inspire and enlighten.

To have your events added or removed from this calendar, please contact OUR at ugresearch@illinois.edu

Speaker David Ortega - Food Prices, Inflation Expectations and Consumer Sentiment

Event Type: Seminar/Symposium
Sponsor: ACE (Dept of Agricultural and Consumer Economics)
Location: 428 Mumford Hall
Virtual: Join online
Date: Nov 7, 2025 12:00 - 1:00 pm
Speaker: Dr. David L. Ortega, Professor and Noel W. Stuckman Chair in Food Economics and Policy
Views: 12
Originating Calendar: ACE Seminars; Abstract
Food prices are among the most visible indicators of inflation, playing an important role in shaping how Americans perceive the economy. This study examines the relationship between food prices, inflation expectations, and consumer sentiment. Using monthly data from 1982 to 2024, we show that food-away-from-home prices trigger sharper but short-lived responses in inflation expectations, while food-at-home prices have more persistent effects. Moderate inflation expectations are linked to higher consumer sentiment, suggesting that stable food prices can help anchor confidence. The findings underscore the importance of breaking down and understanding the food price components of inflation and offer insights for policymakers managing economic uncertainty.

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