No End in Sight for High Fuel Costs; Food Prices Feeling Pressure
Food prices could rise into 2027 as soaring fuel costs pressure agriculture, CPG, grocery, and foodservice supply chains.
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Inflation
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Inflation
Tomato Prices Ease in May but Remain 32% Higher Than a Year Ago
Fresh tomato prices fell 8.5% from April to May but remain 32% higher than a year ago, according to the latest CPI report. Weather disruptions in Florida and Mexico tightened supply earlier this year, and analysts expect prices to ease only gradually.
Inflation
No Swift Price Slide in Wake of U.S.-Iran Agreement Expected
Despite news of an agreement between the U.S. and Iran, a wide-ranging decrease in prices is not expected in the near-term.
Inflation
Food Inflation Hit 3.1% in May, but Coffee and Beef Costs Rose Much Faster
Food inflation hit 3.1% in May, but sharp spikes in coffee, beef, and produce are driving real pressure for CPG, retail, QSR, and foodservice operators, even as eggs and dairy deliver rare cost relief.
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