Independent thinking for complex markets and current events
Authored by Mike Shedlock via mishtalk, The CPI was up more than expected in August. Food played a role. The BLS CPI report for August shows the price of food and beverages jumped 0.5 percent with food at home rising 0.6 percent. Six CPI Food Categories Month-Over-Month CPI Food Category Month-Over-Month Details Food and Beverage: …
by Mike Shedlock By many measures the price of food is on the rise. Let’s discuss some charts. CPI and PPI food Indexes from BLS, chart by Mish The price of food away from home closely track the PPI. And the PPI shows rising pressure on prices. CPI Food Index Levels at Home vs Away …
by absoluteunitVolcker I wonder if these drugs become popular enough, could they have a bigger impact on big food and beverage chains DPZ, QSR, MCD, PEP, KO, etc.? https://www.forbes.com/sites/mollybohannon/2023/10/04/walmart-exec-reportedly-says-ozempic-could-be-impacting-food-sales-slight-pullback-in-overall-basket/?sh=2906bc3d66a7 Walmart is studying changes in sales patterns by looking at anonymized shopper data and comparing that of people who take a weight loss drug like Ozempic …