Farm Bureau breaks down the latest CPI as the farm sector copes with higher costs

Consumer prices in November with 7.1 higher than a year ago. In an effort to fight inflation, the Federal Reserve Bank has announced another 0.5 percent increase in their bank lending rate.

American Farm Bureau Chief Economist, Roger Cryan spoke with RFD-TV’s own Suzanne Alexander about the 0.5 percent bump by the Federal Reserve and what it indicates, and how this increase will affect farmers.

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