Latest News From Inflation

Analysts say an initial cut could be made as early as first quarter 2024. One of the key factors the central banking system will consider is whether its inflation rate target of 2% has been achieved.

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.

The causal link between the Federal Reserve discount rate and inflation is obvious to all serious armchair economists, but calls for an impending recession in the U.S. are missing a few details. John Phipps explains.

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

Farm Action is asking the FTC to explore why the nation's largest egg company is seeing record-high profits while consumers pay record-high prices. Ag economists say the jump in egg prices is simply supply and demand.

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.

From January 2020 to May 2022, retail pork prices increased 27%, according to a recent report. What root causes led to this lofty increase? Experts Dr. Jayson Lusk and Dr. Glynn Tonsor report their findings.

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.

China’s inflation soars with the local pork industry a reason to blame. Several tactics will be used to decrease pork prices, but they face some headwinds.

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.

See how rising costs impact you and your family.

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.