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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Dec 10 2012

The U.S. Drought and Food Prices

American farmers recently sustained the worst drought in decades, afflicting significant portions of the nation’s corn, soybean, and wheat harvest – crops that are staples, through inputs like processed food and livestock feed, of the consumer’s grocery bundle.

Some assert that aftershocks of the drought may include a hit to American households through higher food prices, yet others have contended the price effects will largely be mitigated. ECRI’s latest report outlines the distinct cyclical relationship between price inflation for groceries and those agricultural inputs – indicating the actual trajectory that is set to play out in the months ahead.

Related News & Events

ECRI Recession Update

CNN November 29, 2012

ECRI's Lakshman Achuthan joins CNN International's Ali Velshi to discuss the cyclical outlook. More

 

Ignore GDP and the Fiscal Cliff, U.S. Is Already in Recession

Yahoo November 29, 2012

Ignore GDP and the Fiscal Cliff, U.S. Is Already in Recession: ECRI’s Achuthan More