HIGH PRICES AT MISSOURI GROCERY STORES ARE EXPECTED TO STICK AROUND FOR A WHILE

THE HIGH PRICES AT MISSOURI GROCERY STORES ARE EXPECTED TO STICK AROUND FOR A WHILE. UNIVERSITY OF MISSOURI PROFESSOR SCOTT BROWN STUDIES THE ECONOMICS OF FOOD PRICES AND TRACKS THE CONSUMER PRICE INDEX – OR C-P-I – OF AGRICULTURAL COMMODITIES…

BROWN SAYS THE CONSUMER PRICE INDEX FOR BEEF WAS UP 16 PERCENT IN FEBRUARY AND PORK ROSE 14 PERCENT..

BROWN SAYS THE RUSSIAN INVASION OF UKRAINE HAS HAD SOME IMPACTS ON THE PRICE OF GRAIN, CEREAL, AND BAKERY PRODUCTS, AND HE THINKS THERE’S MORE TO COME. HE BLAMES HIGHER FUEL AND LABOR COSTS FOR SOME OF THE SPIKE IN FOOD PRICES.