Jeffrey Rosenkranz, Portfolio Manager, Shelton Capital Management, Discusses Current Inflation Rate and It’s Effect on Food
“Food away from home — at restaurants and schools, was a driver, possibly due to the labor component,” he said. “Cereals and grains were also contributors, likely as a result of continuing disruptions from the Russian invasion of Ukraine. These should moderate over the coming months as wheat and corn prices have rolled over recently. To top it off, ice cream prices spiked as well, just in time for summer.”, says Jeffrey Rosenkranz.
Read the full article here: Did Inflation Increase the Price of Bacon, Eggs, & Bread in June?
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Shelton Capital Management is a multi-strategy asset manager with fund administration and digital marketing expertise. With a determined focus on growth, Shelton Capital is active in acquisitions and fund consolidations. Shelton Capital Management has expertise in mutual fund and separately managed account advisor mergers and has completed several transactions with the goal of improving the financial and economic performance of partner firms. Shelton Capital manages over $3.2 billion of assets as of 6/30/22. For additional information, visit https://www.sheltoncap.com.
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