Consumers are seeing inflation from many industries including food.
U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase in April, which experts say will raise the cost of groceries for upcoming months.
Yet we ran a story Monday from ProduceIQ showing the overall product market prices keep dropping, down nearly 10 percent from the previous week, according to the company’s index.
I talked with ProduceIQ CEO Mark Campbell June 16 to see why we have such a disconnect.
Consumers are seeing inflation from many industries including food.
U.S. government figures show that wholesale food prices surged 2.6 percent in May on top of a 2.1 increase in April, which experts say will raise the cost of groceries for upcoming months.
Yet we ran a story Monday from ProduceIQ showing the overall product market prices keep dropping, down nearly 10 percent from the previous week, according to the company’s index.
I talked with ProduceIQ CEO Mark Campbell June 16 to see why we have such a disconnect.
Greg Johnson is Director of Media Development for Blue Book Services
