The Food Price Index (FPI), part of the Consumer Price Index (CPI), rose just 0.2 percent in November, slower growth than the 0.7 percent monthly growth in October. Mixed performance across the component prices led zero price growth for food at home, while the [...]
In its October Consumer Price Index (CPI) reporting, ERS calculated that the price to consumers for all food rose 0.7 percent in September. YOY, the food CPI was reported up nearly 11 percent YOY. Of note is the growth in prices of food away [...]
The cost of ingredients for a ten-person Thanksgiving meal hit a new record this year, as estimated through the American Farm Bureau Federation’s survey. The 2021 cost was a record $53.31 ($5.33 per person), and the estimated 2022 cost surpassed at $64.05 ($6.41 per [...]
September’s U.S. Food Price Index rose 0.7 percent from August, with the highest growth again seen for prices of food from home, up 0.9 percent that month. Fats and oils, fresh vegetables, and sugar and sweets saw the fastest gains month on month. For [...]
In its October Citrus report, USDA forecasted all Florida orange production down 32 percent YOY at 28.0 million boxes. The steep drop is part of the longstanding downtrend for the state’s production, further pressured by late September’s Hurricane Ian. Production of Valencias is expected [...]
In a four-session rally that began last Friday, most active Nov-22 FCOJ jumped from resistance near 163.35 cents per pound solids to a settle Wednesday at 185.35 cents, breaking past the previous August high and the upper Bollinger Band. The contract gave back some [...]
We hope you have been finding our In the Know blog both useful and informative. But did you know that our IQ Ingredient Intelligence platform provides multiple daily commentaries on a variety of commodity and ingredient markets? In addition, the platform offer access to [...]
Data reported by BLS shows that food inflation was 1.1 percent in July, with the Consumer Price Index (CPI) for food now up 10.9 percent YOY. The major contributor has been the price of food at home, up 13.1 percent YOY; food away from [...]
