From a Reuters interview with Kraft Heinz Chief Executive Miguel Patricio
Citing:
- "Where we are seeing (inflation) is in grains and everything related to grains
- Sugar has big inflation"
Here is the link for more, commodity prices are underpinned by both global recovery and loose policy. And, this from the Fed:
- U.S. Federal Reserve policymakers, however, have downplayed any imminent inflation risk.