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.
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