Thrifty Food Plan

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The Thrifty Food Plan (TFP) is one of four USDA-designed food plans specifying foods and amounts of foods to provide adequate nutrition. It is used as the basis for designing Food Stamp Program benefits. It is the cheapest food plan and is calculated monthly using data collected for the consumer price index (CPI). However, it is not the same as the food components of the CPI. The monthly cost of the TFP used for the Food Stamp Program represents a national average of expenditures (four-person household consisting of an adult couple and two school-age children) adjusted for other household sizes through the use of a formula reflecting economies of scale. For food stamp purposes, the TFP as priced each June sets maximum benefit levels for the fiscal year beginning the following October.

Consumer price index

A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households.

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Deduction may refer to:

A market basket or commodity bundle is a fixed list of items, in given proportions, used specifically to track the progress of inflation in an economy or specific market.

Cost of living Cost to maintain a standard of living

Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost of living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can also be measured in terms of purchasing power parity rates.

Supplemental Nutrition Assistance Program United States government food assistance program

The Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, provides food-purchasing assistance for low- and no-income people living in the United States. It is a federal aid program, administered by the United States Department of Agriculture, under the Food and Nutrition Service (FNS), though benefits are distributed by each U.S. state's Division of Social Services or Children and Family Services.

Electronic benefit transfer electronic system that allows state welfare departments to issue benefits via a magnetically encoded payment card

Electronic benefit transfer (EBT) is an electronic system that allows state welfare departments to issue benefits via a magnetically encoded payment card, used in the United States. The average monthly EBT payout is $125 per participant.

The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services. It is essentially a measure of goods and services targeted towards individuals and consumed by individuals.

In the United Kingdom, the retail prices index or retail price index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted the euro. The primary goal of the ECB is to maintain price stability, defined as keeping the year on year increase HICP below but close to 2% for the medium term. In order to do that, the ECB can control the short-term interest rate through Eonia, the European overnight index average, which affects market expectations. The HICP is also used to assess the convergence criteria on inflation which countries must fulfill in order to adopt the euro. In the United Kingdom, the HICP is called the CPI and is used to set the inflation target of the Bank of England.

National Institute of Statistics and Census of Argentina Argentinas principal government institution in charge of statistics and census data

National Statistics and Censuses Institute is the Argentine government agency responsible for the collection and processing of statistical data. The institute also analyses economic and social indicators such as inflation rate, consumer price index and unemployment, among others.

United States Consumer Price Index

The U.S. Consumer Price Index (CPI) is a set of consumer price indices calculated by the U.S. Bureau of Labor Statistics (BLS). To be precise, the BLS routinely computes many different CPIs that are used for different purposes. Each is a time series measure of the price of consumer goods and services. The BLS publishes the CPI monthly.

Nutrition Assistance for Puerto Rico (NAP) —Spanish: Programa de Asistencia Nutricional (PAN) commonly known in Puerto Rican Spanish as Cupones — is a federal assistance nutritional program provided by the United States Department of Agriculture (USDA) solely to Puerto Rico. It provides over $1.5 billion USD in supplemental economic resources to help just over 1 million impoverished residents cope with their nutritional needs. It is based on, though not directly part of, the USDA's national Supplemental Nutrition Assistance Program.

Consumer Price Index (United Kingdom)

The Consumer Price Index (CPI) is the official measure of inflation of consumer prices of the United Kingdom. It is also called the Harmonised Index of Consumer Prices (HICP).

A food stamp or SNAP challenge is a trend in the United States popularized by politicians, religious groups, community activists and food pantries, in which a family of means chooses to purchase food using only the monetary equivalent of what a family that size would receive in the US federal government Supplemental Nutrition Assistance Program (SNAP), colloquially called food stamps. In 2015, this amounted to US$194.00 per person per month, or $6.37 per day.

Nancy Montanez Johner American government official

Nancy Lou Montanez Johner is the Chief Executive Officer of Pathfinder Support Services. Montanez was appointed as Under Secretary for Food, Nutrition, and Consumer Services within the United States Department of Agriculture in August 2006 and terminated in January 2009. She was sworn in on August 21, 2006. Prior to her appointment, she had been the Director of the Nebraska Department of Health and Human Services. She had held this post since being appointed to the position by Governor Mike Johanns in March 2004. She is a native of Scottsbluff, Nebraska. She received a Bachelor of Science degree in social work from the University of Nebraska at Kearney.

This page lists details of the consumer price index by country

Lyng v. Castillo, 477 U.S. 635 (1986), reversed a lower court's decision that the change in the statutory definition of a household violated the appellee's due process rights. The program rules for food stamps were changed in 1981 and 1982 which changed the definitions of households. The US Supreme Court ruled that the District Court erred in using heightened scrutiny to analyze the validity of the household definition.

The Food Distribution Program on Indian Reservations (FDPIR) allows Indian Tribal Organizations (ITOs) to operate a food distribution program as an alternative to the Food Stamp Program for those living on or near an Indian reservation. The Food and Nutrition Service (FNS), an agency of the U.S. Department of Agriculture, administers FDPIR at the Federal level, and is locally operated through ITOs or State agencies(SAs). Eligibility for benefits is similar to the food stamp (SNAP) program, and funds are drawn from food stamp appropriations. Food Distribution Program Nutrition Education (FDPNR) grants are also awarded to participating FDPIR ITOs. These grants are awarded to support nutrition education activities that are culturally relevant, promoting healthy food choices, and promoting physical activity among participants.

The Indian food security system was established by the Government of India under the Ministry of Consumer Affairs, Food and Public Distribution to distribute subsidized food and non-food items to India's poor. This scheme was first launched in February 1944, during the Second World War, and was launched in the current form in June 1947. Major commodities distributed include staple food grains, such as wheat, rice, sugar and kerosene, through a network of fair price shops established in several states across the country. Food Corporation of India, a Government-owned corporation, procures and maintains the PDS(public distribution system).

The United States Chained Consumer Price Index (C-CPI-U), also known as chain-weighted CPI or chain-linked CPI is a time series measure of price levels of consumer goods and services created by the Bureau of Labor Statistics as an alternative to the US Consumer Price Index. It is based on the idea that in an inflationary environment, consumers will choose less-expensive substitutes. This reduces the rate of cost of living increases through the reduction of the quality of consumed goods. The "fixed weight" CPI also takes such substitutions into account, but does so through a periodic adjustment of the "basket of goods" that it represents, rather than through a continuous estimation of the declining quality of goods consumed. Application of the chained CPI to federal benefits has been controversially proposed to reduce the federal deficit.

References

    Congressional Research Service Public think tank

    The Congressional Research Service (CRS), known as Congress's think tank, is a public policy research arm of the United States Congress. As a legislative branch agency within the Library of Congress, CRS works primarily and directly for Members of Congress, their Committees and staff on a confidential, nonpartisan basis.