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.
Related Stories
For producers, demand is strong, but drought, disease, and costs still shape supply.
Farmers say weather extremes and rising costs are creating a more challenging season across Georgia peach country.
American Farm Bureau economist Bernt Nelson says consumers are still buying meat despite ongoing price pressures.
Analysts say drought, tight cattle supplies and summer grilling demand continue shaping the protein market outlook.
