From CPI release today:
Figure 1: CPI for food at home (black), USDA Economic Research Service forecast from January (blue square), from February (red triangle), from March (green inverted triangle), on log scale. Source: BLS via FRED, ERS, author’s calculations.
Note the USDA ERS forecast is a time series analysis based forecast. It does not incorporate any assumptions regarding the imposition of tariffs. However, tariffs on fresh fruit and vegetables would likely push up prices further.
Source link
