COMMODITY INSIGHTS
Should Cost Analysis Findings from analysis of P8 items submitted for future cost changes
Consumer Price Index* July 2022 CPI +8.5% YOY
Fully Warranted 31%
Partially Warranted 34%
Not posted yet
3,487 Items Analyzed by Should Cost in P8: 61% A-Brands, 18% Fresh, 21% Private Brands
Not Warranted 35%
*Source: Bureau of Labor Statistics CPI of All Items (includes Food and Energy) report
Commodities On The Move
Inflation Forecast for Key Commodities
HDPE (Packaging) -19% Increased production capacity.
70.0%
Steel % Flat High demand, tariffs
62.7%
60.0%
Coffee +15% Drought and a freeze in Brazil
Aluminum +26% High demand
50.0%
37.4%
36.1%
40.0%
34.8%
Chicken Deli WOG +36% Labor shortage, an industrial shift to higher- value products China/W Coast US Container rates -31% Dropping demand, improved port congestion.
Diesel +49% High crude oil prices
30.0%
23.5%
22.6%
20.3%
18.3%
15.8%
20.0%
15.1%
Soy Oil +8% Favorable weather in the US.
10.0%
1.0%
0.0%
Flour +31% Drought in wheat-growing regions, Ukraine.
-2.9%
-10.0%
Beef
Pork
Turkey
Chicken
Corn
Soybean Meal
2021 Inflation 2022 Inflation
SOURCE: EMI, Inc.
7
Made with FlippingBook - Online catalogs