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The John Batchelor Show

#INFLATION: Food inflation driven by weather in Brazil and war in Eurasia. Simon Constable, Briefings.

The John Batchelor Show

John Batchelor

News, Arts, Books, Society & Culture

4.52.8K Ratings

🗓️ 11 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

#INFLATION: Food inflation driven by weather in Brazil and war in Eurasia. Simon Constable, Briefings.

1888

Transcript

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0:00.0

This is on the

0:05.0

on the world with John Bachelor.

0:10.0

Here's John Bachelor.

0:12.0

To the south of France, to ascertain Simon Constable writing for barons in other distinguished

0:18.8

publications.

0:19.8

We come to the news of the moment about inflation worldwide and especially in the United States

0:26.8

food inflation.

0:28.9

Stubborn inflation pressures, writes the Wall State Journal, persisted.

0:34.2

Derailing the case for the Federal Reserve to begin reducing interest rates in June

0:39.2

and raising questions over whether it can deliver cuts this year without signs of an economic slowdown.

0:46.2

The Consumer Price Index, a measure of goods and services prices across the economy, rose 3.5% from a year earlier.

0:56.6

That was a touch higher than economists had forecast.

1:00.2

A touch higher.

1:02.0

Therein lies the game. Simon, a very good evening to you, you have an excellent piece about food worldwide.

1:10.0

The food inflation is said to be the political challenge for the Biden re-election campaign.

1:17.0

Gasoline prices have moderated in the $3 range here in New England.

1:21.8

However, the food means that as one of my correspondence

1:25.6

told me, you go into a grocery store and you come out having spent $115 and you

1:31.1

still don't have enough for dinner.

1:33.0

So what you discovered is that food is worldwide a growing concern.

1:39.0

How so? Good evening to you, Simon.

1:41.0

Good evening to you, John. It is a growing concern across the globe. Most of these markets

...

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