February 27, 2020

Food- Commodity Prices, and Trade Issues

Food- Commodity Prices

New York Times writer Jack Healy reported last week that, “Consumer prices advanced at their slowest pace in 50 years in 2008, raising concerns about deflation as the weakening economy suppressed demand for cars, clothing, electronics and a host of goods and services, the government reported on Friday.

“The Bureau of Labor Statistics reported that the Consumer Price Index fell by a seasonally adjusted 0.7 percent in December, its third consecutive monthly decline, after sliding 1.7 percent in November. The so-called core rate, which excludes volatile food and energy costs, was unchanged.

“For all of 2008, consumer prices grew just 0.1 percent while the core rate rose 1.8 percent, the Labor Department reported.”