Latest News From Inflation

Farmers are opting to tap into their savings from recent prosperous years instead of taking out loans at the highest interest rates since 2007, according to surveys conducted by regional Federal Reserve banks.

While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.

For 2024, USDA projects that food price inflation will be lower than that seen in 2023 and significantly lower than the rise seen in 2022.

Meanwhile, service prices and the core index (which excludes food and energy) remain high, with the core CPI descending to 4.8%.

The CPI for May shows egg prices experienced the largest monthly drop in 72 years, but the price consumers are paying for a dozen eggs is still well above average over the past 10 years.

A study released by Farm Bureau finds 86% of Americans are concerned about food insecurity, but their trust in farmers remains high at 89%.

The end of the year is closing in. Have you considered new prepaid expense moves? According to Paul Neiffer, farm CPA at CLA Connect, you should.

Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund (IMF) forecast.

USDA raised its consumer food price forecast again, to 8.5% to 9.5% for 2022. The agency had initially predicted a 2% to 3% rise in prices. Eggs, fats and oils, and poultry prices are making the biggest gains.

As consumers see increased prices at the store in many counties across the globe, decreasing import tariffs has helped make food more affordable and increase opportunities for exporting markets.

From record-high gas and diesel prices on the road to a major spike in the price Americans paid for their Memorial Day weekend barbecue essentials, shoppers are seeing price spikes everywhere they go.

Gas prices are above $4 a gallon in every state for the first time ever, and with the average price of gasoline posting another new record Thursday, it’s causing shoppers to alter their appetites at the grocery store.

Inflation predictions were so wrong for so long, the real thing has flummoxed us entirely. The other problem with this abrupt price change is the number of things to blame.

Decision making changes during periods of inflation. If the historic inflation continues, knowing how inflation impacts decision making will help you make better choices, and your plans will be more likely to succeed.