Inflation Continues To Rise April 12, 2022

The pathway from grains as a source of inflation, as well as the belief grains may themselves benefit from general inflation, requires a significant amount of context. But today's inflation data did show general prices at the consumer level continue to climb. The Consumer Price Index rose from +7.9% over one year ago in February to +8.5% in March. This is the largest year over year gain since December 1981. In that period inflation was coming down from the big +14.8% peak in March of 1980. The other prior peak to that, still in many people's mind, was 12.3% in December of 1974. No matter how you look at it, the gain from September 2021 at +5.4% to now +8.5 in March supports bullish views on price.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.