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The Price of Food Jumps Again in November, What's in Your Basket?

Mish Talk

Month-over-month CPI food prices from the BLS, chart by Mish. percent: up 11 of 11 months in 2022 Fruits and Vegetables: up 1.4%, up 9 of 11 months in 2022 Nonalcoholic Beverages: -0.3%, up 10 of 11 months in 2022 Other Food at Home: -0.1%, up 10 of 11 months in 2022 Three Major Food Categories. percent for food at home.

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Retail Sales: With Food and Shelter Soaring, Who Can Afford Anything Else?

Mish Talk

retail and food services sales for November 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $689.4 percent) from November 2021, while food services and drinking places were up 14.1 Every major category except food and food service declined. Spotlight on Food.

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Producer Prices Rise 0.3 Percent in November Led by Services and Food

Mish Talk

Prices for final demand less foods, energy, and trade services moved up 0.3 The index for final demand less foods, energy, and trade services increased 4.9 percent increase in prices for final demand foods was a major factor in the November advance. The index for final demand goods less foods and energy moved up 0.3

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Weaker consumer demand helping to cool inflation: Weekly Economic Review & Outlook

Nationwide Financial

April 20: Index of Leading Economic Indicators (LEI) LEI points to elevated recession risk The index of leading economic indicators (LEI) is expected to retreat again in March, marking the twelfth straight month of decline. The drop in prices for food at home was the first decline since September 2020. percent from 6.0

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Sunday links: forecasting accuracy

Abnormal Returns

gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) Measuring economic inequality is harder than it looks. papers.ssrn.com) The economic schedule for the coming week. calculatedriskblog.com) Inflation is trending lower.

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The Fed Projects Interest Rates Higher for Longer at Least Through 2023

Mish Talk

Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and economic hardship. The Committee is highly attentive to inflation risks. This post originated at MishTalk.Com.

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2 Ways the 2022 Economic Woes Affected Your Retirement Accounts

Integrity Financial Planning

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. due to increased costs of necessities like food, energy, and gas.