Friday, July 19, 2024

Consumers still struggling with food inflation, Rabobank notes

By Elizabeth Bobenhausen Poultry Times staff

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GAINESVILLE, Ga. — Rabobank reports some new statistics regarding how consumers are still grappling with the repercussions of high inflation on food purchases. There is a debate among economists on how inflation is shifting. Some economists claim that inflation is coming down and easing up. While others claim inflation is continuing to rise, it is just moving at a slower pace.

Rabobank says that there are several micro factors that have contributed to inflation during the last five years. These factors include, “geopolitical crisis, severe drought, higher restaurant overhead and wages, rising interest rates and higher inflation throughout the supply chain. . .

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