Matt MacLachlan

You may have noticed, while general inflationary numbers eased a bit last month, food prices continued their steady march higher in December.  General inflation slowed in December to 6.5% a year, down slightly from the 7% reported in November.  But USD...

By the time the year is over, how much more will we have paid at the local grocery store for our foods?   The forecast, according to Matt MacLachlan, is for a 10%-11% year over year increase.  MacLachlan tracks food prices for the USDA, and he notes the increase in prices may slow significantly in the final quarter of the year, thanks to what we saw happen in July; with declines in energy prices,

"At the Federal Reserve we are strongly committed to achieving maximum employment and price stability," said chairman of the Federal reserve, Jerome Powell, as he recently announced what could be the first of a series of interest rate hikes in 2022 ...

Blame it on COVID, supply problems, or any number of other factors, but when 2021 figures are totaled, the USDA estimates the American people will have seen two years of accelerated food price increases.  3.5% for grocery stores in 2020...an ...