McLean County Farm Bureau

Latest CPI ‘very sobering’

Illinois Farm Bureau Senior Economist Mike Doherty discusses the latest Consumer Price Index (CPI), which rose 1.3%, seasonally adjusted, in June. Over the last 12 months, it rose 9.1%, not seasonally adjusted. “It’s really a surprise how much food prices have increased,” he said. “This is really going to hurt.”

Listen to his full interview with DeLoss Jahnke.