{"id":1148880,"date":"2023-02-13T12:10:31","date_gmt":"2023-02-13T17:10:31","guid":{"rendered":"https:\/\/bugaluu.com\/news\/inflation-pressure-to-persist-but-not-because-of-food-prices\/1148880\/"},"modified":"2023-02-13T12:10:31","modified_gmt":"2023-02-13T17:10:31","slug":"inflation-pressure-to-persist-but-not-because-of-food-prices","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/inflation-pressure-to-persist-but-not-because-of-food-prices\/1148880\/","title":{"rendered":"Inflation Pressure To Persist, But Not Because Of Food Prices"},"content":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" href=\"https:\/\/www.zerohedge.com\/economics\/inflation-pressure-persist-not-because-food-prices\" rel=\"noopener\"><img decoding=\"async\" width=\"100\" data-entity-type=\"file\" data-entity-uuid=\"7f52c89c-93d8-405a-b25b-df70c1a65d9e\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2023-02-13_08-46-23.jpg?itok=LXJ1bLD3\" alt=\"\"><\/a><\/div>\n<p><span class=\"field field--name-title field--type-string field--label-hidden\">Inflation Pressure To Persist, But Not Because Of Food Prices<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><em>Authored by Simon White, Bloomberg macro strategist,<\/em><\/p>\n<p><strong>Food prices are unlikely to be a driver of higher inflation in the coming months.\u00a0<\/strong><\/p>\n<p>Nonetheless, this will not be enough countervail mounting inflation pressures elsewhere.<\/p>\n<p><strong>Indeed, there are rising signs of a global cyclical upturn,\u00a0driven by China, that may cause inflation to plateau and begin rising again sooner than the market is currently pricing.<\/strong><\/p>\n<p>We have seen\u00a0an uptick\u00a0in the prices of agricultural and food prices, but this should not detract from the broader expected trend lower in US food prices.<\/p>\n<p><strong>The chart below shows fertilizer-price growth has fallen sharply, and this anticipates that food CPI should follow suit.<\/strong><\/p>\n<\/p>\n<p>However, <strong>food is only ~14% of headline CPI in the US, and so this alone is not enough to guarantee the current disinflationary trend continues<\/strong> for as long as the market expects.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a target=\"_blank\" title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\" rel=\"noopener\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Mon, 02\/13\/2023 &#8211; 15:25<\/span><\/p>\n<p>From:<a href=\"https:\/\/www.zerohedge.com\/economics\/inflation-pressure-persist-not-because-food-prices\" target=\"_blank\" title=\"Inflation Pressure To Persist, But Not Because Of Food Prices\" rel=\"noopener\">Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation Pressure To Persist, But Not Because Of Food Prices Authored by Simon White, Bloomberg macro strategist, Food prices are unlikely to be a driver&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1148880","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1148880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1148880"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1148880\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1148880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1148880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1148880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}