UB Consulting: U.S. Economy and Food Industry Recap
Executive Summary
High levels of inflation persist at both the producer and consumer levels compared to historical norms, despite some evidence of slowing. Concerning food at home, inflation has been decelerating since August 2022.
Overall, the labor market continues to show signs of strength. Wage growth remains strong, especially for the middle class, which may impact protein consumption habits in the future.
Key findings
• The consumer price index for meats, poultry, fish, and eggs in February 2023 decreased 0.1 percent from January– the first month...
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