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.
I can’t believe there are so many stupid people in the United States that believe the do nothing GOP is better on the economy than Democrats when it is always the Democrats that have to clean up the mess that the corrupt GOP always leaves when they leave office. A Trump America sucks! A republican America sucks!