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
U.S. Agriculture Faces Mixed Weather, Market Pressures
Strong exports and production support ongoing corn demand.
Strong consumer demand supports livestock market outlook.
Strong corn demand and cotton shipments support export outlook.
Hurd joined this week’s Champions of Rural America to review the proposed Farm Bill moving through the House and discuss its potential impact on rural communities and farmers across the country.
Big oils-and-fats volumes can support crush demand, but fuel markets can quickly tighten supplies.
