Macroeconomics Food Prices Up by 13.2 Percent in July For the second straight month, the cost of food in China was up year-on-year by double digits. Following a 11.1 percent increase in June, higher pork, vegetable, cooking oil, and dairy products pushed up food inflation to 13.2 percent, the largest jump since April. By comparison, China’s consumer price index (CPI) according to the National Bureau of Statistics (NBS) rose by just 2.7 percent in July compared to 2.5 percent in June. NBS data show that the average pork retail price was up year-on-year in July by 85.7 percent, while fresh vegetables, cooking oil, and dairy products climbed by 7.9 percent, 6.4 percent, and .9 percent, respectively, from a year ago. The only reprieves...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.