2021 Food Inflation. During our previous discussion on historic predictable and purposeful food inflation on August 13th CTH noted BigAg has likely already made deals for increases in government welfare payments EBT and Foodstamps WIC etc. Businessman John Catsimatidis expects 10 to 14 food inflation by October.
BigAg lobbies congress for higher reimbursement rates so they can raise the prices of food and export domestic product to other nations. Updated 516 PM ET Fri June 4 2021 New York CNN Global food prices rose for the 12th month in a row in May up nearly 40 year over year according to the United Nations food price. 55 rows Food Inflation in the United States 1968-2021 The average price of food in.
Catsimatidis the owner and CEO of Manhattan-based grocery chain Gristedes Foods told Fox Business that Americans can expect higher prices for basic expenses in the coming months.
The all-items Consumer Price Index CPI a measure of economy-wide inflation increased by 08 percent from April 2021 to May 2021 before seasonal adjustment up 50 percent from May 2020. This year the quarterly average dropped from 38 Jan-March to 23 Apr-Jul. BigAg lobbies congress for higher reimbursement rates so they can raise the prices of food and export domestic product to other nations. Consumer goods increased more than 5 from last year.
