World Perspectives

Inflation Cleveland Style; Inflation Higher than CPI Indicates

Yesterday the Bureau of Labor Statistics (BLS) released the June Consumer Price Index (CPI) showing a 0.2 percent growth in June, the smallest monthly increase since August 2021. There are a few ways to look at the numbers, however. On the one hand, the 3 percent annual inflation is a big drop from the 9.1 percent annual inflation last June (the highest since November 1981). On the other hand, the “core CPI” which the Fed looks at – which excludes volatile food and energy costs – is up 4.8 percent year over year, enough to keep the Fed hawkish in trying to reach its 2 percent inflation goal.  Indeed, food and energy – especially energy – have been volatile over the past year. Energy inflation was d...

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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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