Not apparently going down:

Figure 1: CPI-Food at Home (Blue), PPI-Food (Tan), Both in Logs 2021m01 = 0. Source: BLS, and Author’s Calculations.

Since the Mexican tariffs are still on the table (I guess-not sure if the reciprocal tariff concept of a plan superedes), one could still see a big jump in the CPI food at home.

This entry was posted on bee Menzie chinn.

Leave a Reply

Your email address will not be published. Required fields are marked *