The Bureau of Labor Statistics (BLS) released the June CPI this morning. The CPI increased 0.3 percent on a seasonally adjusted basis in June, after rising 0.1 percent in May. The CPI is at its highest since January of this year. Over the last 12 months, the all-items index increased 2.7 percent before seasonal adjustment, after rising 2.4 percent over the 12 months ending May. The core CPI, including all-items less food and energy, rose 2.9 percent over the last 12 months. The energy index decreased 0.8 percent for the 12 months ending June, while the food index increased 3 percent over the last 12 months.
Three of the six major grocery store food group indexes increased in June, while the other three declined. The index for nonalcoholic...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
