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Food and meat inflation climb to new highs, Keith McCullough notes

Food and meat inflation climb to new highs, Keith McCullough notes
Food inflation driven by rising meats and fruits

Keith McCullough, founder / CEO at Hedgeye Risk Management, highlights accelerating inflation in the 'food at home' category, driven by rising meats, poultry, fruits, and vegetables prices.

According to McCullough, meats and poultry inflation contributed +240 basis points to a year-over-year rate of 1.5%, while fruits and vegetables inflation accelerated by +210 basis points to reach 6.1% year-over-year.

McCullough has previously pointed to significant moves in other asset classes. He cited a 14.7% monthly rise in Bitcoin as evidence of a successful strategic shift. In a separate update, he noted that options market sentiment was tilted toward Apple, Nvidia, and Amazon over Meta and Microsoft.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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