Spins data show sharp Memorial Day weekend price moves: beef hot dogs +18.3% YoY, fresh ground beef nearly +15% YoY, soda +11.4% and barbecue sauce +11.6%. US CPI at-home food rose 0.7% MoM in April, the biggest monthly increase in almost four years. Walmart CFO Reni says low-income consumers are tightening budgets. California Polytechnic State University professor Richard Walpe says part of the rise is a short-term shock from the Iran conflict and a Strait of Hormuz closure; even if the conflic

Spins data show sharp Memorial Day weekend price moves: beef hot dogs +18.3% YoY, fresh ground beef nearly +15% YoY, soda +11.4% and barbecue sauce +11.6%. US CPI at-home food rose 0.7% MoM in April, the biggest monthly increase in almost four years. Walmart CFO Reni says low-income consumers are tightening budgets. California Polytechnic State University professor Richard Walpe says part of the rise is a short-term shock from the Iran conflict and a Strait of Hormuz closure; even if the conflict were resolved immediately, he warns ripple effects could affect the food system through late summer and fall and may persist for some items, including animal protein, into 2027.