We have a new read on inflation. The Consumer Price Index is lower than what the markets were expecting.
The Index for May increased by a tenth of a percent, and the markets were expecting a two-tenths of a percent increase. Over the last year, inflation has increased 2.4 percent, which is right in line with expectations.
Increases in shelter costs were the main driver in this month’s report.
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Global food insecurity is projected to decline over the next decade as incomes rise and food price inflation eases, though regional challenges will persist.
Consumer prices rose 3.7% over the past year, while gasoline prices jumped 34.2%, according to the Bureau of Labor Statistics’ September Consumer Price Index.
USDA forecasts wide price differences across grocery categories in 2026.
Beef and veal prices are projected to rise more than three times as fast as overall food prices.
