Skip to contents

Calculates Average Per Capita Spending Adjusted by Estimated Price Increase

Adj_Capita_Grocery_Spend.Rd

This function returns the average per capita spending after adjusting for percentage price increase from the base year(2022).

Usage

Adj_Capita_Grocery_Spend(
  est_per_price_increase = 7,
  grocery_sales = 8.11541e+11,
  population = 334233854
)

Arguments

est_per_price_increase

Estimated increase in price of grocery in cumulative percent default taken as 7 for 2023

grocery_sales

Total US grocery sales annually. Default value is 811541000000.

population

Total US population. Default value is 334233854.

Value

Outputs the average per capita grocery spend after adjusting for the expected price increase.

Details

This function is taken from the Estimating_Revenue.xlsx and calculated in Step two. This function calls Avg_Capita_Grocery_Spending().

Author

Srika Raja

Examples

Adj_Capita_Grocery_Spend()
#> [1] 2598.028