With so many people trying to push narratives about the poor inflation data released this morning, I felt it was useful to note that some publications are accurately reporting on the release. Here, the New York Times correctly points out why Trump supporters’ words are falling on deaf ears. Interesting lines:
>The 0.7 percent jump in food prices from a month earlier was the largest one-month increase in grocery prices since October 2022.
>Compared with a year earlier, food prices were up 3.1 percent in December.
>Food categories that have gotten more expensive include fruits and vegetables, which saw their prices rise 0.5 percent from the previous month. Coffee prices climbed 1.9 percent, and costs for cereal and bakery products increased 0.6 percent.
>Beef and veal prices also rose 1 percent over the month and were up 16.4 percent from a year earlier. Many economists have pointed to the decline in the country’s cattle herd as the main driver of high beef prices.
p_pio on
Tbf food inflation remain elevated globally (Japan 6.1% WTF) despite global prices actually falling with FAO index droping between December 2024 and 2025 by 3 points. E.g. in China it jumped by 0.9 point in December, there’s no data for the EU, but Italy got increase by 0.7 while France by 0.3 points.
2 Comments
With so many people trying to push narratives about the poor inflation data released this morning, I felt it was useful to note that some publications are accurately reporting on the release. Here, the New York Times correctly points out why Trump supporters’ words are falling on deaf ears. Interesting lines:
>The 0.7 percent jump in food prices from a month earlier was the largest one-month increase in grocery prices since October 2022.
>Compared with a year earlier, food prices were up 3.1 percent in December.
>Food categories that have gotten more expensive include fruits and vegetables, which saw their prices rise 0.5 percent from the previous month. Coffee prices climbed 1.9 percent, and costs for cereal and bakery products increased 0.6 percent.
>Beef and veal prices also rose 1 percent over the month and were up 16.4 percent from a year earlier. Many economists have pointed to the decline in the country’s cattle herd as the main driver of high beef prices.
Tbf food inflation remain elevated globally (Japan 6.1% WTF) despite global prices actually falling with FAO index droping between December 2024 and 2025 by 3 points. E.g. in China it jumped by 0.9 point in December, there’s no data for the EU, but Italy got increase by 0.7 while France by 0.3 points.