Food prices among drivers of expected US inflation hike
The consumer price index is seen advancing 0.3% in February after a 0.5% gain at the start of the year. A core measure that excludes the volatile food and energy categories is also expected to increase 0.3%, according to the median forecast in a Bloomberg survey of economists.
Grocery price hikes canceled out price drops in February, the CPI shows. But since 2020, the overall cost of food is up 24%.
USDA expects food price inflation for 2023 to be slightly lower at 5.8% compared to the previous projection of 5.9%. The grocery store price inflation forecast has been significantly reduced by ...
Grocery price inflation has come a long way since hitting ... it's the breakfast items that stand out," said David Ortega, a food economics professor at Michigan State University.
18hon MSN
February's CPI report reveals slowing inflation but sharp spikes in food prices, driven by bird flu's egg supply impact.
Food inflation rose slightly to 4.4% in January while the annual rise in energy prices accelerated to 4% from 3.8% in December, according to data from the Paris-based organization. Core ...
Food inflation has been a pain point for the overall inflation, due to which it has remained on the higher side. The Reserve Bank of India's (RBI) monetary policy committee (MPC) external member ...
U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum kicked ...
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