It’s hard to believe, but the average price per unit in U.S. food manufacturing has surged a staggering 30% since the pandemic.
Hedgeye’s Consumer Staples analyst Daniel Biolsi explained in careful detail how inflation is affecting food prices and adding pressure on consumers this morning on The Macro Show.
While food at home CPI has increased about +1% for the past 5 months, that’s far from the reality that consumers have been experiencing.
“Politicians want you to focus on 1%, but the consumer is focused on the 30%,” said Biolsi.
Watch the full clip to see the real effects of inflation on food prices.
