Last week, WPI’s Dave Juday noted that while the all-items CPI inflation measure has fallen significantly from its June 2022 peak, other metrics show far more persistent inflation. The “core CPI” (which ignores energy and food inflation) that the Fed considers when making interest rate decisions was up 4.8 percent from the prior year. Food inflation remained historically high last month and was up 5.75 percent from June 2022. This article will take a deeper look at food inflation and explore other factors relevant to consumer behavior and the macroeconomic outlook.
Food Inflation and Sales One reason for the stubbornly high food inflation rate is high agricultural commodity prices as recent retreats in grain and...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
