Food Inflation Levels Off

Rapid food-cost inflation could subside shortly, but high energy prices will continue to challenge retailers and consumers, Steve Wieting, an economist for Citibank, said in a conference call last week. Wieting noted that weekly commodity prices for items like wheat, beef, chicken, corn and soybeans are either at or below their peak levels, pointing to a diminished pace of future inflation,

NEW YORK — Rapid food-cost inflation could subside shortly, but high energy prices will continue to challenge retailers and consumers, Steve Wieting, an economist for Citibank, said in a conference call last week.

Register to view the full article

TAGS: Meat