Tag: inflation

A year ago, when I started writing the Focus on Fresh for the 2021 Know Your Commodity Guide, I had no idea we’d still be talking about the COVID-19 pandemic’s effect on consumer spending habits in 2022. And yet, here we are.

Inflation in food prices this year will not exactly be grinding to a halt, according to USDA’s ERS, but it will measurably slow down. Should we believe that?

The Consumer Price Index for All Urban Consumers increased 0.5 percent in December on a seasonally adjusted basis after rising 0.8 percent in November, the U.S. Bureau of Labor Statistics reported Jan. 12.

The Grower Shipper Association of Central California commissioned a new analysis by economists to examine the cost impacts of the pandemic as well as other factors, such as supply chain issues, which are putting pressure on agriculture’s ability to sustain food production in the region.

On an unadjusted basis, the final demand index rose 9.6 percent for the 12 months ended in November, the largest advance since 12-month data were first calculated in November 2010.

Food prices in Canada are going up — again.

The financial press has reported that Chair of the Federal Reserve, Jerome Powell, has used the term, transitory, to describe how long inflation might last. It appears that based on his testimony in front of a Congressional committee on Nov. 30, his thinking regarding the question of how long inflation might last has changed—from transitory to longer-lasting.

Inflation. We think we know what it is. And we do. Sort of. A 5.4 percent inflation rate means that prices are 5.4 percent higher than they were at the same time last year (this is actually the current figure as of September).

Pamela talks with Anne-Marie Roerink of 210 Analytics about some of the most widespread food inflation numbers she's ever seen, and how that challenges consumers with budgets, and retailers with promotions.

Consumers are seeing inflation from many industries including food.