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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.

Food 244
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CPI Cools Significantly in November But Rent and Food Still Sharply Increasing

Mish Talk

The food index increased 0.5 percent over the month with the food at home index also rising 0.5 The index for all items less food and energy rose 0.2 Percent Core CPI (CPI Less Food and Energy): 6.0 Percent CPI Food and Beverage: 10.3 The energy index decreased 1.6 percent in November, after rising 0.3

Food 195
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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

Food 187
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UPDATE: New CA QSR Min Wage Study. A Victory Lap.

The Big Picture

@TBPInvictus here: If you’re not aware of the brouhaha that was stirred about a year or so ago when CA Gov Gavin Newsom signed into law (taking effect April 1, 2024) a new $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here.

Food 284
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Debunking QSR Minimum Wage BS: A Follow Up

The Big Picture

His headline is classic: The fast-food industry claims the California minimum wage law is costing jobs. And second, always recall what Joan Robinson taught us so long ago: “The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.”

Food 300
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Economic & Inflation Information Create Market Jubilation

Investing Caffeine

Ever since the Federal Reserve went on a crusade to increase interest rates and slow the progression of inflation at the beginning of 2022, investors have been cheering for a Goldilocks-type of economic “soft landing.” The not-too-hot, not-too-cold economic data have provided comfort to investors. The S&P 500 index surged +3.5%

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Recession-Resistant Stocks: Finding Shelter in Economic Storms

Validea

During economic downturns, certain types of stocks tend to perform better than others. Strong balance sheets: Low debt levels and ample cash reserves help weather economic storms. Archer-Daniels-Midland Co (ADM) Archer-Daniels-Midland is a global agricultural commodities processor and food ingredient provider.