Despite inflation, some everyday products actually dropped in price this year
1 week, 1 day ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most consumer tech products’ prices remained below core inflation,” Kowalski said. Everything else held equal, goods prices should remain pretty flat heading into 2025; however,, that could change if tariffs were to be imposed on some of the US’ biggest trading partners, he said. And so that would lead to higher goods inflation, and higher overall inflation.” Food 2024 price declines : Frozen baked goods, down 3.3%; crackers, down 2.4%; canned vegetables, down 2.2% Although your morning omelet would like to disagree, food prices have been fairly tame in 2024, and some categories have even seen price declines.

Food Inflation Supply Products Prices Price 2024 Cnn Demand This Year Tariffs Goods Gas Prices Wolfe Supply Chains Food Prices Kowalski Price Declines Goods Prices Faucher 2024 Price Change  despite  food  goods  supply  everyday  demand  actually  price  products  2024  prices  tariffs  dropped  inflation

History of this topic

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Food prices are on the rise again. What’s behind the increase
3 weeks, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Retail inflation slows down in November
3 weeks, 6 days ago

Retail inflation slows down in November

Deccan Chronicle  

New Delhi: With the significant easing of food prices, especially vegetables, India’s retail inflation slowed to 5.48 per cent in November as compared to 6.21 per cent in October. “But the CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the …

Consumer inflation moderates slightly to 5.5% in November
3 weeks, 6 days ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

US wholesale inflation surged higher in November
Trending News
3 weeks, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Food prices reach 19-month high in November, UN says
1 month ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

Price warning as 17-month run of falling shop inflation ends
1 month, 1 week ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 3 weeks ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
1 month, 3 weeks ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

Spectre of food inflation haunts the economy again
1 month, 3 weeks ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

India’s retail inflation surges to 6.2% in October
1 month, 3 weeks ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

​Last mile woes: On inflation data and the challenges
3 months, 3 weeks ago

​Last mile woes: On inflation data and the challenges

The Hindu  

The latest retail inflation data from the National Statistical Office yet again highlights the challenge in achieving durable price stability. Provisional estimates for year-on-year price gains in August show the headline rate based on the Consumer Price Index quickened marginally to 3.65%, from July’s 3.60%, as a sharp rebound in vegetable inflation led to a wider acceleration in overall food …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 4 weeks ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 4 weeks ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says
4 months ago

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says

The Hindu  

A sharp 51% drop in tomato prices aided in an 8% decline in average vegetarian meal costs through August but onion and potato prices surged more than 50% and the actual price paid by consumers for a vegetarian plate of food remained the second highest over the past year at ₹31.2, just 4% below July levels, as per Crisil’s monthly …

Harris zeroes in on high food prices as inflation plays a big role in the presidential race
4 months, 3 weeks ago

Harris zeroes in on high food prices as inflation plays a big role in the presidential race

LA Times  

President Biden listens as Vice President Kamala Harris speaks about the administration’s efforts to lower costs during an event at Prince George’s Community College in Largo, Md., Thursday. Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price …

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index
5 months, 2 weeks ago

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index

The Hindu  

Extreme weather, lower reservoir levels and crop damage have affected farm output and led to higher food prices over the past two years, the Economic Survey 2023-24 said on July 22. Removal of food from Inflation-targeting framework The Reserve Bank should stop looking at food inflation in deciding interest rates and the Government should explore giving coupons or direct cash …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 3 weeks ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

31%: The surge in food prices irking voters in the UK election
6 months ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

Food cost remains a drag on inflation
6 months, 3 weeks ago

Food cost remains a drag on inflation

Hindustan Times  

Inflation numbers for May were on expected lines. The answer depends on what happens to food inflation in the next two months. With the general elections behind us and the next election cycle a few months away, the political salience of the inflation numbers is expected to come down a bit. But they will matter a lot in the next …

Food inflation still a concern, experts say: ‘Fight on this front far from over’
6 months, 3 weeks ago

Food inflation still a concern, experts say: ‘Fight on this front far from over’

Hindustan Times  

In the latest assessment of India's Consumer Price Index inflation for May 2024, experts from India Ratings and Research, the PHD Chamber of Commerce and Industry, and CRISIL shared their insights, highlighting both positive trends and lingering challenges. Sinha and Jasrai noted, "The core inflation though edged down further to 3.1 per cent in May 2024. Commenting on the CPI …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 3 weeks ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

How the rate of inflation has changed for everyday items
8 months, 3 weeks ago

How the rate of inflation has changed for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation fell to a fresh …

Inflation drops to 10-month low in March 2024, but no relief on food bills yet
8 months, 3 weeks ago

Inflation drops to 10-month low in March 2024, but no relief on food bills yet

The Hindu  

India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the previous month as price rise accelerated in cereals and meat, while vegetables, pulses, spices and eggs remained in double-digit inflation. Even as crude oil prices are firming up and …

Food inflation expected to rise due to climate change
9 months, 1 week ago

Food inflation expected to rise due to climate change

China Daily  

By JONATHAN POWELL in London | China Daily Global | Updated: 2024-03-28 09:08 A firefighter battles a wildfire in Mexico this week that is an example of the impact of climate change. Researchers at the Potsdam Institute for Climate Impact Research, or PIK, analyzed historical food prices across various food categories and countries globally, looking at the impact of climatic …

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin
9 months, 2 weeks ago

High food prices prevent swifter fall in inflation to 4% target, says RBI bulletin

Live Mint  

Food price pressures are deterring a swifter fall in headline inflation towards the target of 4 per cent, the Reserve Bank of India said in its monthly bulletin for March 2024, released on Tuesday. “Even as inflation is on the ebb with broad-based softening of core inflation, the repetitive incidence of short amplitude food price pressures deters a swifter fall …

Monetary policy has an inflation dilemma
10 months, 1 week ago

Monetary policy has an inflation dilemma

Hindustan Times  

Inflation, though moderating from its recent highs, continues to hover above target in most of the countries, including India. While part of the decline could be explained by the supply chain easing-led input price disinflation, the quantum of fall in core inflation momentum seems perplexing in an environment of repeated positive GDP growth surprises. This combination of weak demand and …

How inflation has hit your shopping basket
10 months, 3 weeks ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 3 weeks ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 3 weeks ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

2024 brings breather on inflation but food prices are still sticky
10 months, 3 weeks ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Retail inflation at 4-month high, industry shows muted growth
11 months, 3 weeks ago

Retail inflation at 4-month high, industry shows muted growth

Hindustan Times  

New Delhi: Retail inflation rose to a four-month high in December, driven by food articles, although prices of cereals and vegetables decelerated compared to the previous month, official data showed on Friday. Consumer prices soared to 5.69% in December from a year ago, higher than November’s 5.55%, but remained within the Reserve Bank’s upper limit of 6% for the fourth …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was …

2023: A year of food-price and climate shocks
1 year ago

2023: A year of food-price and climate shocks

Hindustan Times  

Food price shocks turned India protectionist this year, as the country went from being the largest exporter of rice and a big overseas seller of sugar and fresh vegetables to banning or restricting overseas shipments and trade of most commodities. The country prohibited overseas shipments of wheat in March 2022, white rice in July this year and onions this month, …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

The fine print of October inflation data, in three charts
1 year, 1 month ago

The fine print of October inflation data, in three charts

Live Mint  

India’s retail inflation is on a downward trajectory, with the print falling to a four-month low of 4.87% in October from the most recent high of 7.44% in July. While prices tend to decline in November and December following the arrival of kharif crops in the market, the adverse base “will somewhat restrict the downside to inflation for two months", …

Retail inflation further eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation further eases to four-month low of 4.87%

India Today  

Retail inflation declined to a four-month low of 4.87 per cent in October due to further drop in food prices, showed government data released on Thursday. This marks the second consecutive month when the consumer price index or CPI-based inflation has remained within the Reserve Bank of India’s comfort zone of below 6 per cent. The inflation based on the …

CPI dips in Oct amid ample food supply
1 year, 1 month ago

CPI dips in Oct amid ample food supply

China Daily  

A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Experts say recovery in demand not yet solid and more policy support is likely China's consumer prices registered negative growth for the second time this year in October, indicating that the recovery in demand is not yet solid and more macroeconomic policy support is likely, experts …

Oilseeds and Pulses Vulnerable to Price Spikes: Report
1 year, 4 months ago

Oilseeds and Pulses Vulnerable to Price Spikes: Report

Deccan Chronicle  

Chennai: The threat of food price inflation has not waned yet as oil seeds and pulses are still vulnerable to erratic monsoon progression. Apart from a 37.3 per cent surge in vegetable prices, other sub-components like cereals, milk, pulses and spices also showed a significant rise. Given their relatively high reliance on imports, any decrease in domestic production could potentially …

Govt.’s pre-emptive measures will cool food prices: Finance Ministry
1 year, 4 months ago

Govt.’s pre-emptive measures will cool food prices: Finance Ministry

The Hindu  

The Finance Ministry of Tuesday, August 22, 2023, said the inflation in food items is likely to be transitory as pre-emptive measures by the government and arrival of fresh crops will cool prices, even though global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months. The consumer price index based retail inflation spiked to a 15-month …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

From eggs to electronics to used cars, consumer inflation eased its grip on US households in July
1 year, 4 months ago

From eggs to electronics to used cars, consumer inflation eased its grip on US households in July

Associated Press  

WASHINGTON — Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve’s interest rate hikes have continued to slow price increases. It was like $90.’’ Prices, he said, are high …

India should brace for a food inflation spike
1 year, 4 months ago

India should brace for a food inflation spike

Hindustan Times  

Most analysts expect India’s benchmark inflation measure, as measured by the Consumer Price Index to breach the 6% threshold in July. In July, tomatoes have played a big role, continuing to sell at very high prices, with signs that onions could generate additional tailwinds for food inflation. While price pressures from perishables such as onions and tomatoes will eventually die …

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