Vegetable oil prices have halved. Cereal prices are down 20%. Dairy similar. Sugar is one of the few food ingredients that is up (and Ukraine/Russia are not even major producers), but meat is down.
At the same time, international shipping rates have plummeted. The Baltic Dry Index is about 75% lower than its peak in 2022.
So, why are grocery prices still rising?
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Senior Financial Adviser, Samuel Kerr discuss what is really going on with inflation.
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
Samuel has a Master of Financial Planning and a Bachelors degree in Psychology. He has worked in Financial Services since 2017 as a Financial Adviser and Mortgage Broker. Sam is a dynamic individual and has a real passion for investing and compound interest. He prides himself on his professionalism and ethical conduct, always striving for the best outcomes for his clients. He really enjoys helping people achieve their goals and loves the investment journey.
