ERS sees food price inflation slowing significantly in 2024
The September Consumer Price Index (CPI) for food was reported up just 0.2 percent from August, with food away from home leading the MOM [...]
CPI finally falls below fed funds rate for first time in years
April’s Consumer Pricing Index (CPI) was announced midweek up 0.4 percent from March, slightly below market expectations. The monthly increase cooled the annual rate [...]
Soy complex selloff ends
Futures activity Jan-23 soybean oil futures dipped to $60 cents per pound early last week after two weeks of declines. Prices eventually rallied by [...]
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 [...]
Surging greenback could help press pause on dollar-denominated commodities
Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by [...]
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 [...]
Runaway prices at pump result in broken campaign promises
Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50 per barrel (bbl) to [...]
After falling in 2020, the cost of Thanksgiving meal rises in 2021
In its survey of the cost of a Thanksgiving meal, the American Farm Bureau Federation (AFBF) estimated the cost of ingredients for a ten-person [...]