Food Prices & Inflation
We have some good news to share in the world of consumer food! Check out the article below for a couple of exciting headlines from this week.
Egg prices have been on a roller coaster this year, soaring sky-high and falling back down to Earth in just a few months.
In a recent survey by Purdue University, researchers asked consumers nationwide about potential pork price increases in relation to California’s controversial Prop 12 legislation. The results might be surprising as grocery-store prices continue to break the bank.
Final Demand Prices rose 0.7 percent, marking the highest Producer Price Index monthly increase since June 2022.
The surge in inflation in the latest Consumer Price Index report released Wednesday by the U.S. Bureau of Labor & Statistics is raising concerns across the market. Gasoline prices emerged as the primary driver of the CPI increase, accounting for more than half of the overall rise.
Significant shifts in global food prices were observed in August by the FAO Food Price Index, capturing the attention of markets and consumers worldwide.
Consumers think inflation will impact their Thanksgiving dinner table this year.
Food prices could go up this year—by as much as six percent—but economists build a lot of wiggle room into those estimates, which is a midpoint in a wide range of possible scenarios.
In June, prices were down 77% compared to the highest weekly price in 2022.
Egg prices have been all over the board this year, but as this week’s Consumer Price Index report showed, inflation is slowing, and they are seeing relief.
According to the USDA Outlook Board, margins could improve for producers depending on a decrease in cases of High-Path Avian Flu (HPAI).
