On Wednesday, the Bureau of Labor Statistics announced another 40-year high in consumer inflation, at 9.1 percent. However, the White House says that this number is out of date, and inflation is already down because fuel prices have dropped in June.
AFBF Chief Economist, Dr. Roger Cryan spoke with RFD-TV’s own Suzanne Alexander on whether inflation is rising or falling, what it means for farmers, and what to expect moving forward.
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Food inflation is not deflating anytime soon
Inflation and fuel prices continue to rise, adding the pressure on producers
Farmer sentiment is down again in the latest Ag Economy Barometer
Consumer Price Index jumps higher than expected; instills fear of looming recession
