World Perspectives

CPI Report Higher than Expected; Everything Up but Gas, Beef, and Pork

Inflation rose at 0.1 percent in August, against the market’s expectation of a 0.1 percent drop. For the year, inflation is up 8.3 percent since August 2021, which is a slight decline from the June record of 9.3 percent and the July 8.5 percent. 

Food inflation was up 0.8 percent on the month – the eighth consecutive monthly increase. On a year-over-year basis, food was up 11.4 percent, the largest 12-month increase since May of 1979.  Food at home was up 13.5 percent year-over-year, while food away from home was up 8 percent. 

Fats and oils and sugars and sweets lead the increases in the food at home category; meats and poultry decreased from previous highs. 

In the protein category, there wer...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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