{"id":223112,"date":"2024-04-12T04:04:50","date_gmt":"2024-04-12T04:04:50","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/12\/food-inflation-moderates-econbrowser\/"},"modified":"2025-06-25T17:18:45","modified_gmt":"2025-06-25T17:18:45","slug":"food-inflation-moderates-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/12\/food-inflation-moderates-econbrowser\/","title":{"rendered":"Food Inflation Moderates | Econbrowser"},"content":{"rendered":"

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But convergence in the East North Central portion of the Midwest is slower. Follow up to this post<\/a>.<\/p>\n

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Figure 1:<\/strong> CPI \u2013 food at home nationwide (bold blue), ERS forecast of February (light blue square), Midwest B\/C cities (tan), East North Central (green). Midwest and East North Central series seasonally adjusted using X-13. NBER defined peak-to-trough recession dates shaded gray. Source: BLS, ERS, and author\u2019s calculations.<\/em><\/p>\n

Food at home prices have risen faster than the CPI overall, both nationwide and in the MIdwest. However, the convergence has proceeded faster nationwide (mostly my overall CPI rising faster).<\/p>\n

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Figure 2: <\/strong>\u00a0Log ratio of CPI \u2013 food at home to overall CPI nationwide\u00a0 (bold blue), for East North Central (green). East North Central series seasonally adjusted using X-13. NBER defined peak-to-trough recession dates shaded gray. Source: BLS and author\u2019s calculations.<\/em><\/p>\n

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