September 24, 2023
Live cattle just closed at their highest price on record and are now up ~20% this year alone.
Meanwhile, olive oil prices are up 100% and orange juice prices are up 70% this year.
Inflation on food away from home stands at 6.5% and inflation on meats, poultry, fish, and eggs is at 6.0%.
All as oil prices are back above $90.00 and gas prices are approaching $4.00.
Inflation on many basic necessities is still well above 5%.
The fight against inflation has a long way to go.
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