Inflation has had a hold of the economy for nearly three years, and it is directly impacting how consumers navigate grocery stores.
A study by Purdue University shows inflation is causing more consumers to seek out deals, and they are switching to cheaper or generic brands. 56 percent of consumers reported their food prices have risen the most compared to other household expenses.
This month’s Consumer Price Index showed food inflation was up a little more than 2 percent on the year.
Related Stories
Secretary Rollins is signaling a possible reopening of the southern border to Mexican feeder cattle as officials work to manage the threat of the New World Screwworm.
Higher energy activity likely keeps fuel and fertilizer costs elevated.
Tony St. James and StoneX’s Arlan Suderman provide real-time insight on the USDA’s annual Prospective Plantings report, which shows a shifting acreage across commodities, with farmers planning to cut back on corn and wheat while increasing soybean and cotton acres.
SBA Administrator Kelly Loeffler breaks down the Grocery Guarantee Program, its goals for expanding farmer access to capital, and its potential impact on food production and prices.
Strong Easter demand supports protein and crop markets.
Lower shipping costs alone will not restore export competitiveness.
