inflation

Many Democrat-sponsored spending bills are depending upon a significantly higher-than-expected revenue (income) forecast, but inflation could torpedo that.

The price of eggs is projected to fall dramatically after reaching record-high levels over several months.  The USDA said those prices should fall back to typical levels this year, provided the U.S. doesn’t see a rebound in highly pathogenic avian influenza cases in 2023.  The Bureau of...

A new survey finds consumers expect to pay more for groceries this year.  Progressive Grocer reports the 2023 KPMG Winter Consumer Pulse Survey shows consumers anticipate increased prices, but are looking for ways to save money.  The Survey shows consumers expect a 15% increase in grocery spending this year.  Meanwhi...

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...

The Bureau of Labor Statistics announced this week that the Producer Price Index for final demand declined 0.5% in December when seasonally adjusted.  The index measures the average change over time in the selling prices received by domestic producers for their output.  Final d...

Oil prices started the new year moving up slightly.  West Texas rose roughly 3% in Monday’s trade to $76 per barrel.  Patrick DeHaan with GasBuddy said it's been a bumpy start to the year.   “Oil prices still a bit lower than what they were a week ago, but oil prices in full rally mode today with China giving us strong indication of a full reopening happening.”   DeHaan said investors don’... Read

The Creighton University October Rural Mainstreet Index dropped for the sixth time in the last seven months.  It’s the fifth-consecutive month that the index has been below growth neutral.  Creighton University’s Dr. Ernie Goss said the index...

Inflation is hitting everyone with higher prices.  Whether groceries to gas and farm machinery, the impact of inflation is widespread.  AARP’s Sean Voskuhl said for seniors, some inflation relief could be coming through social security next year.   “Many experts pr...

American beef exports again topped the $1 billion mark in July and posted the fifth-largest volume ever.  Meat Export Federation President and CEO Dan Halstrom said that was made possible by growth in several key markets.  Japan, he noted, was up 8%, China reported a 30% jump, and strong showings in other markets such as the Philippines as well as the Caribbean and Central America are all encourag

As Chair of the Senate Finance Committee, Oregon Senator Ron Wyden led Wednesday’s session pushing to approve the nomination of Doug McKalip as Chief Agricultural Negotiator for the USTR.   "These days, Americans are paying more for their groceries but getting less, and our farms and ranches are getting clobbered by inflation and drought.  American...