USDA released its August food CPI forecast today; the expectation for the rest of the year is range bound with a mid-point of 5.9 percent. The most interesting part of the forecast was the wide range of projections for 2024 – from a drop of 2 percent in the low case scenario to an additional increase of 7.9 percent in the high case scenario. The bottom line is this forecast shows the uncertain economic outlook.
Recall the July CPI release from the Bureau of Labor Statistics (BLS) showed July food inflation year-over-year was 4.9 percent; food at home was up 3.6 percent and food away was up 7.1 percent. USDA’s August forecast shows this year will end with food at home inflation at 5.2 percent (midpoint between 4.4 and 6...
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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