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Data Analysis

Low Producer Price Index, Consumers Can Buy US Almonds at Low Price

Almond Kernel
Nuts
Almond Kernel
United States
Price Trend
Supply Yield / Stock Quantity

Summary

The Producer Price Index (PPI) is used to measure changes in the prices that domestic producers pay for their output. Changes in the PPI, particularly the processing stage index, are often an early indicator of retail food price inflation for the related CPI in the US economy. A lower PPI likely means consumers will pay less at the retail level. US Almond PPI declined by -24.8%YoY which means prices are lower than last year. However, the export price rose in July 2021 to 2.07 USD/pound close to last year's price. The increase in price coincided with a decline in almond production due to the drought in the US this year.
Oct 11, 2021
By Fardhani Pradipta
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