economist

Year-over-year consumer inflation in July was 8.5%, down from the 9.1% we saw in June.  The month-over-month inflation was 0%, though that was largely the result of a 4.6% drop in energy prices.  Food prices reported a nearly 11% year over year increase in July, with a 1% month-over-month jump.   ...

According to the American Farm Bureau Federation’s Market Basket Survey, the average cost of a summer cookout for ten people is $69.68, which breaks down to less than $7 per person. AFBF Chief Economist Roger Cryan said the overall cost for the cookout is up 17% year over year, for a variety of reasons. “One o...