Lates News

The Food Marketing Institute (FMI) commented on the March Consumer Price Index (CPI) data in the United States. The data shows a 0.2% decrease in home food prices in March compared to the previous month, and a 1.9% increase over the past 12 months. Andy Harig, Vice President of Tax, Trade, Sustainability, and Policy Development at FMI, stated: "Today's CPI data shows a decrease in food inflation, which is good news for consumers." "Despite encouraging data, the recent instability in global energy markets is pushing up production costs across the food supply chain, potentially putting upward pressure on grocery prices. Fuel is an important input at every stage of the food system... as energy prices rise, the costs of food production and distribution also increase. Even in this uncertain environment, consumers are showing resilience."