World Food Policy Center, Sanford School of Public Policy, Duke University’s Post

If you feel like your grocery budget just doesn't buy you as much as it once did, you're not alone. According to U. S. Bureau of Labor Statistics, food prices rose 11. 4 percent last year alone - the highest annual increase in 23 years. The ongoing pinch at the grocery store has been in the news of a lot of media outlets, such as The Wall Street Journal, The New York Times, Times Magazine, Forbes, and so many others. Our guest today, food economics and policy professor David Ortega from Michigan State, is going to walk us through the food price inflation phenomenon. Podcast and transcript – https://buff.ly/3YHWK0S #DavidOrtega #inflation #foodinflation #foodeconomics #cumulativeinflation #groceryprices #pricefluctuations #demanddrivingprices #supplydrivingprices #restaurantprices #menuprices #foodprices

If you feel like your grocery budget just doesn't buy you as much as it once did, you're not alone. According to U. S. Bureau of Labor Statistics, food prices rose 11. 4 percent last year alone - the highest annual increase in 23 years. The ongoing pinch at the grocery store has been in the news of a lot of media outlets, such as The Wall Street Journal, The New York Times, Times Magazine, Forbes, and so many others. Our guest today, food economics and policy professor David Ortega from Michigan State, is going to walk us through the food price inflation phenomenon. Podcast and transcript – https://buff.ly/3YHWK0S #DavidOrtega #inflation #foodinflation #foodeconomics #cumulativeinflation #groceryprices #pricefluctuations #demanddrivingprices #supplydrivingprices #restaurantprices #menuprices #foodprices

If you feel like your grocery budget just doesn't buy you as much as it once did, you're not alone. According to U. S. Bureau of Labor Statistics, food prices rose 11. 4 percent last year alone - the highest annual increase in 23 years. The ongoing pinch at the grocery store has been in the news of a lot of media outlets, such as The Wall Street Journal, The New York Times, Times Magazine, Forbes, and so many others. Our guest today, food economics and policy professor David Ortega from Michigan State, is going to walk us through the food price inflation phenomenon. Podcast and transcript – https://buff.ly/3YHWK0S #DavidOrtega #inflation #foodinflation #foodeconomics #cumulativeinflation #groceryprices #pricefluctuations #demanddrivingprices #supplydrivingprices #restaurantprices #menuprices #foodprices

Opinion: Let’s get real about inflation and it’s reporting in the media … … the food and energy sectors ARE NOT in the core inflation numbers, yet core inflation is important because it’s used to determine the impact of rising prices on consumer income. Wait, what? Yes, the prices you pay at the grocery store or the gas pump are not included in the “inflation” numbers. Yes, exactly. Food and energy prices are exempt from the inflation calculation because their prices can be too volatile or fluctuate wildly. This includes the diesel fuel powering the semis that deliver your groceries to Publix or Kroger, hence, groceries costs can rise too. My granny taught me that percentages are like a magic performance — what the magician hides is important, how they do the ‘magic’ is revealing and crucial. Source: The Federal Reserve #Inflation #CoreInflation #Percentages #FederalReserve #Magicians #BusinessExpense #PersonalExpense ✦✦✦ Stephen Carter King Chief of Growth and Marketing and Beerconomist + CSO & CEO of Beerconomy • Market Analyst, Consultant, Speaker & Publisher • delivering beer market trends, insights, and analyses Publisher: The Beerconomist

Opinion: Let’s get real about inflation and it’s reporting in the media. *Repost from Thursday The the food and energy sectors ARE NOT in the core inflation numbers, yet core inflation is important because it’s used to determine the impact of rising prices on consumer income. Wait, what? Yes, the prices you pay at the grocery store or the gas pump are not included in the “inflation” numbers. Yes, exactly. Food and energy prices are exempt from the inflation calculation because their prices can be too volatile or fluctuate wildly. This includes the diesel fuel powering the semis that deliver your groceries to Publix or Kroger, hence, groceries costs can rise too. My granny taught me that percentages are like a magic performance — what the magician hides is important, how they do the ‘magic’ is revealing and crucial. Source: The Federal Reserve #Inflation #CoreInflation #Percentages #FederalReserve #Magicians #BusinessExpense #PersonalExpense ✦✦✦ Stephen Carter King Chief of Growth and Marketing and Beerconomist + CSO & CEO of Beerconomy • Market Analyst, Consultant, Speaker & Publisher • delivering beer market trends, insights, and analyses Publisher: The Beerconomist

Is it a true July 4th without a cookout? 🌭 🍔 Consumers are expected to see record-level prices for cookout staples this holiday, according to CNN. Overall, food prices are up 5% from last year and up 30% from 2019. Meat in particular is going to make a dent in grocery budgets. Data from American Farm Bureau found beef prices are up 11% and pork is up 8%. We're seeing these price pressures reflected on our platform as well: in the last week, 4️⃣ of the top 5️⃣ selling items on Flashfood are beef and pork, with more than 3,700 units sold in the last week alone. Read the full piece from CNN, below ⤵ https://lnkd.in/e-crrcR5

New inflation data came out this morning, and it tells a tale of two meals. Prices rose by just a moderate 0.3% across all categories last month, with one interesting exception: 🛒 Grocery store prices actually *decreased* by 0.2% in April. When you zoom out to year-over-year data, you can see a larger trend: 🏠 "Food at home" prices increased by only 1.1%, while  🚗 "Food away from home" saw a significantly higher increase, at 4.1% YoY This is creating a widening inflation gap between grocery stores and restaurants that could create a sticky situation for restaurateurs. As households continue to seek value, rising menu prices give them one more reason to eat at home instead. We’ve previously covered the pitfalls of cost passing and its effects on traffic to full service restaurants, but similar impacts are trickling down to QSRs as well, with brands like Starbucks, KFC, and McDonald's reporting fewer visits from price-averse diners. If restaurant and grocery prices continue to diverge, restaurants of all types stand to lose even more foot traffic and revenue as diners push back on rising costs. #economy #restaurantindustry #hospitality

What the price difference between ham and bacon tell us about inflation. Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data from the Bureau of Labor Statistics. Pork chops were up too, by 4.6%. But ham prices were lower, falling 5.4% overall and dropping 6.3% when you exclude canned varieties. What gives? Econ buffs may remember that prices are set according to supply and demand. You’d expect any supply issues — like too many hogs, or too few — to cause prices of each of the items to move up or down, all in the same direction. The discrepancy, then, must be caused by differences on the demand side. And it is: Demand for domestic pork has grown in recent years outside of the US. But rising demand, plus the same or reduced supply, should push prices up, not down. So again, what gives? https://lnkd.in/euirWBHb

CONSUMERS CONTINUE TO STRUGGLE WITH INFLATION AND FOOD AFFORDABILITY — by Brenna Ellison, Maria Kalaitzandonakes and Jonathan Coppess Results from the most recent wave of the Gardner Food and Agricultural Policy Survey demonstrate that consumers perceive inflation and high food prices to be persistent problems, even though federal data suggest inflation is cooling. Consistent with this, a recent Gallup poll found that 41% of households identified inflation as the most important financial problem they are currently facing. In response to consumer pushback on high prices, some retailers like Target, Walmart, Amazon, and Walgreens have announced they will be cutting prices on thousands of items. Major fast food chains such as McDonald’s, Wendy’s, and Burger King have also announced new, lower-priced value meals. However, it remains to be seen if this provides relief in the minds of consumers. Some policymakers are concerned these moves are not enough and have urged President Biden to take executive action to address this issue. Read more: https://lnkd.in/eFZU5vFT #inflation #food #prices #financial #consumers #survey

Fight inflation with smart shopping! 🛒💡 When you hit the supermarket, remember these three savvy tips 👇🏻 1️⃣ Scout for special deals to snag top-quality items at unbeatable prices. 2️⃣ Opt for store brands—they often match the quality of name brands at a fraction of the cost. 3️⃣ Check out meats and seafood close to expiration—perfect for today's meal at about 30% off. Shop smarter, not harder! 💰👍 📖 Click the link in my bio to discover the key to finding Money, Balance, Joy — order your copy now! #inflation #foodsavings #surviveinflation #savemoney