Inflation and fuel prices continue to rise, adding the pressure on producers

The Consumer Price Index, out just minutes ago, ticked higher in May, signaling no relief in sight for farmers. Inflation jumped to 8.6 percent. The markets were expecting 8.3 percent.

Core inflation, which removes food and fuel, jumped to 6 percent.

Next week we will get a look at the Producer Price Index, which measures the price change from the seller’s perspective. Those increases have not yet been passed on to the consumer. So, if that number is higher we can expect to see even bigger inflation in next month’s CPI.

Helping drive the inflation is fuel prices, which went up again overnight.

The nationwide average for a gallon of gas is now $4.98. Diesel is up to $5.75 a gallon. One year ago those prices averaged $3 dollars and $3.20, respectively.


Lawmakers introduce bill to address high gas prices

Gas prices are set to remain high, but it is causing E15 blended fuel to gain popularity

Will Gas Eventually Get Too Pricey for Consumers?

Consumer Price Index continues to break its own record


We caught up with country music star Ian Munsick and Mo Brings Plenty during the 2023 NFR about his new documentary.
RFD-TV’s own Marlin Bohling proved he is more than “just Ken” with his yummy “BarBieQuacamole Taco Burgers.” Get the recipe here — it’s a 10!
Darin and Kevin Blue are on the other side of the camera for this exclusive interview!