According to BLS data, food inflation in 2020 was 3.4 percent over 2019. The general inflation rate measured by the consumer price index was 1.2 percent. Food inflation often runs ahead of the overall CPI and is more volatile than overall inflation, which is why the Federal Reserve doesn’t factor it in to interest rate decisions. However, based on commodity prices and economic recovery in 2021, we could be looking at another year of higher food inflation. There were a few interesting points in the BLS data. First, the food staples rose the most with COVID panic buying and supply disruptions impacting price. Pork, beef, chicken, eggs, and milk were all above the overall food inflation rate.
Interestingly, cheddar cheese was...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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