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Food Inflation

USA, North America

15th May 2024, After consecutive five months of reduction in food inflation it turned positive. Though compared to the previous year, the levels are still lower but the base effect might reduce further in the coming months. The rise in oils category was 8% compared to the previous month after 23 months. This could impact CPI and PPI more strongly in the coming months.

Food Inflation .png

FAO Org. , Target Investing

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