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What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according toOctober Consumer Price Index inflation data. While wages finally began to outpace the rate at which food prices were rising last year and have continued to, Americans have, understandably, been enraged at how much it’s costing them to feed themselves.
Voterstook those feelings with themto the ballot box, where they delivered President-elect Donald Trump an overwhelming victory.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Expert predictions of stock trends to help you select high-potential stocks and achieve stable growth. Real-time global market indices, futures, metals, energy, and agricultural product data to help you seize market opportunities. A stunning 96% of voters said “high prices for gas, groceries and other goods” factored in to how they cast their ballots, according to AP VoteCast, a survey of more than 120,000 registered voters conducted from October 30 to November 5. Among the 40% of people who named that issue the single-most important factor driving their decision, nearly two-thirds voted for President-elect Donald Trump.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. The bout in food inflation over the last few years stems from many sources, including the pandemic; the war in Ukraine, whichpropped up wheat prices, a key input for many foods; as well as energy prices, which had made it more costly to transport food. With some of these pressure points softening, food prices have cooled to rates comparable to before the pandemic.
However, people hoping to see their grocery receipts go down may have to brace for the exact opposite once Trump starts his second term. Here’s what going on:
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. Speaking in front of a table of packaged foods, Trump used anAugust press conferenceto draw attention to food inflation during his campaign for president. “Grocery prices have skyrocketed,” he said.
“When I win, I will immediately bring prices down, starting on day one,” Trump continued. “We will drill, baby, drill,” he said, referring to increasing domestic oil production. “That’s going to bring down prices of everything.”
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. Weekly US crude oil production just hit a newrecord of 13.5 millionbarrels per day, according to federal data dating back to 1983. Last year, the nation produced more oil than any other countryever. That’s helpedpush down gas prices, which has in turn helped lower the cost of transporting food to grocery stores nationwide.
But even if oil production were to increase even more — although it remains to be seen whether that is even feasible — it likely wouldn’t affect food prices much, said Phil Lempert, a grocery industry analyst and editor of SuperMarketGuru.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. Many food manufacturers have built smaller plants throughout the country to avoid some transportation costs, particularly after energy prices skyrocketed after Russia invaded Ukraine. Although energy prices have since gone down a lot, the cost of transporting food remains elevated because of truck driver shortages, he said. That’s put upward pressure on the wages of truck drivers, which in turn get passed down to consumers at grocery stores.
Climate change is another area that haspushed up food prices. With the increased frequency and severity of extreme weather events, including hurricanes, droughts and heatwaves, farmers’ growing costs have been steadily rising. Additionally, it’s impacting both the quality and quantity of crop yields.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. At a September speech Trump delivered before the New York Economic Club, he said, “We will invest in new and modern agricultural techniques so we can have safe, healthy, high-quality foods for our families.” Representatives for the Trump-Vance transition team didn’t respond to 【 - Free Exclusive Group 】’s inquiry regarding what that could entail.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. Trump iswidely expected to undovirtually all of Biden’s climate-related policies, which include provisions from the Inflation Reduction Act aimed at reducing carbon emissions. That, as well as drilling more oil, could backfire if it worsens the already dire climate-change-related issues farmers are confronting, Lempert said.
“Until we can — if we can — fix climate change, there’s no way that food prices can come down,” he told 【 - Free Exclusive Group 】.
If Trump fulfills his campaign promises to deport millions of people who entered the country illegally and slap sweeping tariffs on everything the US imports, Americans could see their grocery bills explode.
Undocumented immigrants are heavily involved in US food production from the very beginning of the supply chain on farms to the tail end at grocery stores. “If there are mass deportations, it would create labor scarcity and it would bid up prices,” said Leo Feler, chief economist at Numerator, a consumer insights company. That’s because it would put upward pressure on wages for workers in all walks of food production, which would instantly get passed on to consumers.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. Additionally, climate change has caused the US to become increasingly dependent on produce from other nations. For instance, the oranges used to make orange juice are increasingly imported from countries like Brazil and Mexico, in part to make up for bad weather that’s destroyed citrus crops in states like Florida and California, according togovernment data.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. This means that if Trump sticks with his campaign promise of up to 60% tariffs on all goods coming in from China and 10% tariffs on goods imported from all other countries, it will hit consumers even harder, leaving them stuck footing much higher bills at grocery stores among other places, Feler told 【 - Free Exclusive Group 】.
However, it remains to be seen whether Trump will instead move forward with a watered-down version of the tariffs he warned of. Days after Trump won the election, a strategy for rolling out tariffs had not yet formed, multiple sources familiar with the mattertold 【 - Free Exclusive Group 】.
In the past, grocery prices have come down primarily when “the economy is under duress” and people don’t have enough money to pay for groceries.
“There are ways to reduce pressure without recession but there’s an element of cruelty to it,” said Feler, who previously taught economics at the University of California, Los Angeles. That could mean, for instance, cutting back on the generosity of food stamps, which has already been the case since enhanced pandemic measures expired.
Doing so would reduce demand for food since lower-income consumers would have less purchasing power. But it’s “ultimately bad economics because better-fed people are more productive,” he said.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. Absent these kinds of scenarios, Trump is unlikely to get the actual food prices we pay back to where they were during his first term. But he can help by improving Americans’ ability to afford food through measures aimed at boosting employment and expanding the economy as a whole, Feler said.
What is causing the decline of CIL Securities Limited (530829) ✌️【Stay Away from Losses】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Exclusive Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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