Macroeconomics Food Prices See Their Smallest Uptick in 13 Months While food prices this past April were up year-on-year for the 13th consecutive month, the uptick of .4 percent represented the smallest gain during that period. Prior to that run from December 2021 through March 2022, the average cost of food had fallen for four consecutive months compared to the year prior. Among the various food categories, the rate of inflation eased for cooking oil, eggs, and fresh fruit, which saw increases of 4.8 percent, 1.2 percent, and 5.3 percent. However, their rate of change was markedly slower than in March. Similarly, the average cost of pork advanced higher by 4 percent from a year ago, but that was substantially lower than in March when the...

TAGS – Feed Grains, Soy & Oilseeds, Livestock, China