Barbecue product prices in the United States have surged, and experts warn that food inflation may further worsen.

金十2026/05/29 11:37

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

```htmlGolden Ten Data reported on May 29 that despite already painful food prices in recent years, various signs indicate that the situation will only worsen in the future. According to Spins, a retail data collection agency, anyone who hosted a barbecue during the Memorial Day weekend almost certainly noticed price increases: beef hot dogs jumped 18.3% year-over-year, fresh ground beef rose nearly 15%, and soda climbed 11.4%. Even the price of barbecue sauce saw an 11.6% increase. Walmart, the largest grocery retailer in the United States, had its Chief Financial Officer, Renee, previously state: "We clearly feel that low-income consumers are now much more meticulous with their budgets and are struggling with a certain degree of financial distress." The latest CPI report shows that the pace of food inflation is accelerating. In April, "at-home food" prices increased by 0.7% compared to March, marking the largest single-month rise in nearly four years. Richard Volpe, professor at California Polytechnic State University, pointed out that this 0.7% growth was driven by multiple factors. Among them, the impact attributed to the war in Iran and the closure of the Strait of Hormuz is considered a "short-term shock." He said, "Even if the conflict is resolved today, its subsequent effects will still impact the food system and persist through late summer or even into autumn;" for certain specific products, including animal protein, this impact may even extend until 2027.```

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

(1) Analysis: Shipping disruptions in the Strait of Hormuz and the shutdown of approximately 1.3 million barrels per day of crude oil production in the Gulf of Mexico are supporting a supply risk premium; however, signals of dialogue between the US and Iran are limiting further upside in oil prices, which are currently still in a low-level consolidation phase, mainly awaiting a stress test. (2) Key Focus: Geopolitical situation, inventory data, US dollar index, global crude oil supply, and OPEC+ policy. (3) Resistance: 91.00, 91.50, 92.00 (4) Support: 90.00, 89.00, 88.00

智通财经•2026/10/09 02:36

Spot gold: Range-bound fluctuations, sell on rallies, buy on dips

Reason for analysis: Spot gold rebounded near a two-month low, but the Federal Reserve meeting minutes show that most officials believe it may continue to raise interest rates this year. The strengthening of the US dollar and high US Treasury yields still exert pressure. The easing of tensions between the US and Iran has reduced some safe-haven demand. After technical indicators became oversold in the short term, there was a corrective rebound, but a reversal has not yet occurred, so the range-bound strategy is maintained. Key focus: US Treasury yields, US Dollar Index, geopolitical situation Resistance: 4200, 4230, 4270 Support: 4130, 4100, 4070

智通财经•2026/10/09 02:36

Shell announces completion of evacuation from five platforms including Appomattox

Shell (SHEL.US): The evacuation of the Appomattox, Mars, Ursa, Olympus, and Vito platforms has been completed.

智通财经•2026/10/09 02:26

LME three-month copper rises 1.1% to $14,461.50 per ton

Analysts at ANZ Bank stated in a research report that rising energy prices and an overnight sell-off in the Nasdaq, which is dominated by tech stocks, have dampened investors’ risk appetite. However, copper prices remain near historic highs, supported by constrained supply. The analysts noted that workers at the Centinela copper mine in Chile are on strike, exacerbating supply limitations. They also indicated that market sentiment has turned relatively optimistic as Chinese traders return after a week-long holiday, providing some support for copper prices. According to ICE data, London Metal Exchange (LME) three-month copper futures rose by 1.1% to $14,461.50 per ton.

智通财经•2026/10/09 02:26