A spike in vegetable prices has fanned
food inflation in India, where prices last month were 7 percent higher than a year earlier.
Food distributor Sysco (SYY), which reported 5.9 %
food inflation in the latest quarter, has passed commodity price increases on to restaurants.
These figures simply show how Australian consumers are being punished by the grocery duopoly with some of the highest rates of
food inflation in the developed world.
Not exact matches
The cheques do not have to be tied
in the public's mind to the GST credit; call it the Canada
Food Inflation Rebate (CFIR), but piggyback it off of the existing infrastructure provided by the GST credit program.
Excluding energy and
food,
inflation stood at 1.1 percent
in October.
The so - called core - core
inflation index, which excludes
food and energy prices and is similar to the core index used
in the United States, fell an annual 0.6 percent.
Core
inflation, which excludes
food and fuel, is expected to be up slightly
in December by 0.2 %, primarily driven by the rising cost of rent.
A jump
in food prices fueled faster consumer
inflation in October.
That puzzle continued earlier Wednesday when Labor Department data showed consumer
inflation, excluding
food and energy, was lower than expected at 1.7 percent
in the 12 months through November.
China's consumer
inflation rate grew at its fastest pace
in six months
in October as
food prices rose, while producer prices accelerated to a near - five year high, exceeding expectations.
White maize, the
food staple, doubled
in price last year, helping to fuel
inflation.
China «s consumer price
inflation slowed to its weakest pace
in almost a year
in August, pulled down by abating
food costs, although an encouraging moderation
in producer price deflation added to growing evidence of a steadying economy.
Higher prices paid to farmers, combined with lower imports, may increase grocery and restaurant costs for baked goods and cereals as much as 4 percent next year, the U.S. Department of Agriculture said Tuesday
in its first forecast of
food - price
inflation for 2018.
When the company nudged up prices above
food - away - from - home
inflation in the first quarter of 2014 (a rare move for McDonald's), the average check grew, but the number of customers dropped.
«It would lead to
inflation, price increases and
in some cases shortages of
food.»
Ontario restaurants hiking menu prices after the province raised its minimum wage this year were likely responsible for pushing January
food inflation to its highest annualized increase
in nearly two years.
Food prices may have been the biggest distorting factor
in the February
inflation data, gaining 6 percent year on year and most likely a sign of increases ahead of Lunar New Year festivities.
«The strength of the economy
in both Quebec and Ontario, combined with low
food inflation, currently favour the full - service supermarket, and we are pleased with the performance of the Metro banner
in both provinces,» CEO Eric La Fleche said Tuesday during a conference call about its second - quarter results.
Arnold said this is the last phase of Chipotle's planned price increase and is a response to rising
inflation in food and labor costs.
Total CPI
inflation is tracking slightly below expectations because of temporary weakness
in prices for gasoline,
food, and telecommunications.
Food price
inflation in the high teens soured moods further.
And indeed here
in the United States we look at a range of different measures of core
inflation, for example, that take energy and
food prices out of the overall index.
Total CPI
inflation has picked up
in recent months but is slightly below expectations, largely because of lower
food prices.
This turmoil has confirmed what our central banker, Mark Carney, said
in his statement last week: that the economy is growing,
in both Canada and globally, but the recovery is still fragile, especially
in the US and the Euro - periphery, and that while
food and gas prices have pushed up
inflation, it should moderate from here.
Meanwhile, the same dynamic
in digital
food delivery could depress
food inflation across the board; one of the nation's largest brick - and - mortar grocers is already poised to drop prices
in response.
This sort of
inflation tends to show up
in expenditure categories such as
food, energy, motor fuel and apparel.
Again, core
inflation is actually above 2 %,
inflation held
in check by energy, and
food and low interest rates up to now.
Food inflation could force the overall
inflation rate to much higher levels as we enter a new decade
in less than two years.
Anybody who lives
in China knows that the real rate of
inflation for
food, housing, and income is well into the double digits.
Inflation excluding
food and energy, however, has been quite moderate,
in part due to very modest growth
in unit labor costs.
If China is truly rebalancing, at least part of this is going to show up
in upward inflationary pressure, although it is likely to be the «right» kind of
inflation — i.e. it will hurt the rich more than the poor because it will be based on non-
food rather than
food items.
On a percentage of sales basis, we expect to see favorability from
food and beverage expenses
in the first half of the fiscal year as we wrap on elevated
inflation that we experienced
in the first half of fiscal 2012.
You won't find that someone at Goldman, where economist Ed McKelvey writes
in the firm's US Economics Analyst that core
inflation — excluding
food and energy prices — should rise at a minuscule 0.5 % annual rate through 2012.
Every time you think
inflation's gonna go higher, you see another development
in transportation or energy or
food that just presses down on it.
Now with those same - restaurant sales assumptions and accelerated new restaurant growth, we expect meaningfully stronger earnings growth
in fiscal 2013 than we had
in fiscal 2012, and that's because we were burdened
in 2012 with
food cost
inflation headwinds that we don't anticipate
in 2013.
They also expected
inflation excluding unprocessed
food and energy — the two most volatile components — at 1.0 percent, the same as
in May.
In March, the Fed said that
inflation excluding
food and energy had «continued to run below 2 percent» on a 12 - month basis.
Looking at the main components of euro area
inflation,
food, alcohol & tobacco is expected to have the highest annual rate
in June (3.2 %, stable compared with May), followed by energy (1.6 % compared with -0.2 %
in May), services (1.4 % compared with 1.5 %
in May) and non-energy industrial goods (0.7 % compared with 0.8 %
in May).
Core
inflation, which excludes the volatile movements
in the prices of
food and energy, however, remained unchanged at 2.7 percent from the previous month.
After stripping out prices for
food and energy, which tend to be more volatile, prices rose by just 0.7 %
in the 12 months to December — the lowest rate of «core»
inflation since records began
in January 2001.
CPI
inflation in year - ended terms should stay
in a narrow range around this profile over much of the forecast horizon, though volatility
in oil and
food prices over the past year will continue to have some effect on the year - ended figures
in future quarters.
Eurostat also confirmed that the «core» rate of
inflation — which strips out volatile items such as
food and energy — fell to 0.7 %, its lowest level since records began
in 2001.
Higher
food and oil prices led to a marked increase
in consumer price
inflation throughout the region
in mid 2004, particularly
in Thailand, Singapore, Korea and the Philippines.
Except for occasional jumps
in food and energy prices, which are deemed outside the so - called «core» rate of
inflation, prices for most goods and services are largely viewed as under control.
Taking out
food and energy, since 1994 core
inflation has been
in a range between 1.0 % and 3.0 %.
Core
inflation (excluding
food and energy) stood at 1 %
in October, up from 0.9 %
in September.
Management cited inflating labor costs and an expected 1 %
inflation in the cost of
food as headwinds, but costs were kept
in check despite those challenges.
In February the national headline CPI was +0.3 % yoy and core
inflation (excluding
food and energy) was +0.9 %.
Headline
inflation in the 19 - country eurozone was just 0.2 %
in the year to end - August, according to Eurostat, while core
inflation (excluding
food and energy) was 1 %, well off the ECB's
inflation target of just below 2 %.
Stripping out taxes,
inflation was 0.7 percent
in January, according to the Spanish statistics institute, and 0.2 percent if fresh
food and energy were also excluded, according to the Spanish measure.