NASHVILLE, TENN. (RFD NEWS) — The Consumer Price Index (CPI) for December was released early Tuesday morning by the U.S. Bureau of Labor and Statistics, and the markets are responding kindly.
The numbers show consumer inflation rose 0.3 percent last month. However, that is 0.10 percent lower than expected. Year over year, consumer inflation is up 2.7 percent. Shelter was the largest increase in December, while the food index rose by 0.7 percent.
On Wednesday, the Bureau will release a companion report, the Producer Price Index (PPI), which provides a read on farmer spending. Join us on Market Day Report for expert analysis on that data and what it means for the ag industry as we head into the new year.
Related Stories
Farmer Jeffry Mitchell with the Mississippi Farm Bureau joins us for a spring planting update from the southeast region as drought, input costs, and fertilizer access complicate crop progress.
Ranchers Navigate Uncertainty as Border Talks, Drought, and Price Concerns Collide in Cattle Markets
Cattle producers face mounting pressure as U.S.-Mexico trade talks resume, but expanding drought, rising input costs, and policy work to improve the long-term industry outlook.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.
Spring Fieldwork Progress Mixed As Moisture Slows Activity
Charly Cummings with Superior Livestock Auctions provides a real-time look at cattle market activity, demand trends, and what lies ahead for upcoming livestock auctions in Texas.
