FMI Statement on April CPI Food Price Numbers

Today, FMI – The Food Industry Association commented on the April Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which shows a 0.7% increase in food-at-home prices for April and a 2.9% increase over the last 12 months. FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.

“The CPI numbers released today show a significant jump in food-at-home inflation. This was expected given global events, but nonetheless poses new challenges...

Day 27 of Iran War: Trump Asserts Talks Underway as War Continues

The US-Israeli war on Iran shows no sign of abating, with attacks growing more intense even as US President Donald Trump asserts that peace talks are underway, a claim Tehran has denied.

Trump has asserted that Iranian leaders want a deal but fear internal backlash, and the White House has warned it is prepared to “unleash hell” if Iran refuses a resolution.

Markets continue to react. Oil prices are climbing once more amid fading hopes of de-escalation, while analysts warn the war could disrupt global...

Pilgrim's Invests in New Food Production Facility 

Pilgrim’s is investing $400 million in a new multi-phase prepared foods facility in LaFayette, Georgia, which is expected to create more than 630 new jobs once it is completed. 

The company currently operates seven food production facilities, along with supporting infrastructure such as feed mills and hatcheries.

The new facility will produce a variety of fully cooked chicken products, further expanding Pilgrim’s prepared foods business.

Construction is set to begin this fall, with hiring anticipated to start in 2027.

“This significant investment will...