In the times of Jeff Yustine in the 1970s double-digit food inflation was the order of the day. The prices of food in Grocery stores kept rising every day. Unlike those times, we don’t seem to have the double-food inflation any soon because of some of the following factors that have since come into play.
• More retailers are selling food.
• An increase in production of beef
• Huge amounts of cheese and milk in the market
• Better profits on agricultural exports in overseas economies due to the higher value of the US dollar.
As a consumer, all these conditions are favorable to you, but they might slowly and soon come to an end. According to many reliable sources, we might go back to the old times due to the inability of producers to determine the market prices according to stockgumshoe.com. In a research done by The Bureau of Labor Statistics, local retail prices of food rose by 0.3% in July. In addition to that, the agricultural sector has recently been seen to have high gain indexes. Internationally, Many factors are also playing out that will see the price of food rise. The latest forecasts from the experts in the US Department of Agriculture have also confirmed this.
Jeff Justine is a renowned investor in the stock market. He is also a financial journalist who has been at the forefront of many significant events globally. Jeff is currently the editor of Total Wealth Insider. As a journalist, he has interviewed many successful financiers as well as entrepreneurs from whom he has garnered his strategies. Jeff started working at Banyan Hill Publishing around two years ago and is also a contributor of its publications on investments according to tumblr.com/. His contributions are majorly centered on helping investors in different ways like enabling them to understand business better and speaking on the valuable investments that financial editors have unveiled.
Jeff’s reporting has taken him to places and has helped him get to know the investments with good returns. Jeff has reported on important state events like the 19999 Panama Canal change of ownership and the Hurricane Katrina’s financial implications on medium.com. Through his reporting investors became more cautious of investing in real estate in the mid-2000s. He has also won many awards because of his excellent journalistic skills like the Emmy Award.
— Jeff Yastine (@Jeff_Y_Guru) October 18, 2017