At-home consumer food prices rose 1.3% in May, up 11.9% YOY

ERS published data on Consumer Price Indexes (CPI) for food this Friday, unsurprisingly showing higher prices in May across all food categories in the U.S. As a result, the composite food CPI was estimated up 1.1 percent from April 2022 and up 10.1 percent [...]

U.S. April food prices up 1% from March, up 9% YOY

ERS estimates inflation for selected food price indexes in the U.S. was 1.0 percent in April vs. March, with inflation for food at home at 1.3 percent that month. Eggs saw double-digit inflation, up 10.3 percent from March and up 22.6 percent YOY. Dairy [...]

Update on world food trade policies & export bans

Following production and shipment exports stemming from the COVID-19 pandemic, some countries adopted restrictions or additional duties on exports of some food commodities. In 2022, poor weather and crops and the fallout of the Russian invasion of Ukraine have now prompted additional export bans, [...]

Herd number reported unchanged—sort of—in May milk report

Somewhat surprisingly, the USDA May milk production report showed the herd was little changed from the prior month. In fact, while USDA adjusted the March milk cows figure slightly higher, it reported absolutely no change to the national herd or the dairy herd in [...]

Update on California drought, snowpack, reservoirs

The 2021 water year was the second driest on record, and the state of California had been hoping for a wet winter. Rains and snows from January through March, however, were the lowest on record. As of Apr. 1, the state’s snowpack was just [...]

Slight break in world food prices in April

In April, FAO’s Food Price Index (FPI) fell slightly from March, possibly a positive sign after strong food price inflation in previous months. Adjusted for inflation, the FPI was 121.8, down about 0.8 percent from prices in March. The FPI was still up 28 [...]

Fresh record high for FAO Food Price Index in March

FAO reported its Food Price Index (FPI) at a new record in March 2022, about 17 percent above its previous high in early 2011 and up nearly 37 percent YOY (unadjusted for inflation). Adjusted for inflation, the FPI was still a record high in [...]

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