Tag: food prices

Food & Energy Prices Aren’t Helping CPI

Food & Energy Prices Aren’t Helping CPI

The Fed promotes "Core" inflation which excludes Food and Energy price increases - two of the largest expense categories for many Americans along with mortgage and car payments. I would be surprised if the two broad CPI components - Food and Energy - are not higher for the month of December with Food prices continuing … Continue reading Food & Energy Prices Aren’t Helping CPI

CPI Week: Price Inflation Remains Too High

CPI Week: Price Inflation Remains Too High

The Cleveland Fed estimates 6.3% Core CPI for November. CPI data will be published on Tuesday. The 6.3% Core CPI estimate sounds about right. One would expect Core CPI to be flat to slightly down in November. I would expect the Fed to push its Fed Funds Rate north of 5% in 1H 2023 and … Continue reading CPI Week: Price Inflation Remains Too High

Kroger and Albertsons Rumored Deal Makes Sense

Kroger and Albertsons Rumored Deal Makes Sense

The thin margin grocery business is a scale game. Grocery chain operators will continue to offset rising input costs (primarily food and labor) with higher retail prices and an increased focus on self-service and automation. Walmart (WMT) is the leading grocery chain in the U.S. and only Amazon (AMZN), has the balance sheet to compete. … Continue reading Kroger and Albertsons Rumored Deal Makes Sense