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
Researchers now have new technology to help gauge what healthy cattle eat and how farmers can limit their feed costs, which can be expensive.
Dairy cows produce more milk for heifers than for baby bulls, according to new research from Kansas State University and Harvard University.
Schools around the country will soon have to eliminate any posters or billboards advertising unhealthy snacks on campus.
The use of ultrasound may make growing beef more efficient.
The University of Georgia College of Agricultural and Environmental Sciences recently opened its newest research and education center, once operated by the USDA.
Researchers at Iowa State University have identified a new strain of PED virus.
Researchers in Florida are a step closer to finding a possible cure for citrus canker.
