Analyst: diesel up 68% YoY, grocery inflation to reach 3.3% by March

An analyst says US groceries are up just 1.8% year-on-year while diesel is up 68%, and since food takes about six months to feel diesel costs, most of that cost has not yet reached store prices. The most likely path puts groceries near 3.3% by March, with a bad case of 6.1%.

Detected & updated continuously · Source: Nebula