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Inflation eased slightly in January but remained well above the Fed's target
Fox Business· 2026-02-13 13:51
Core Insights - Inflation remained elevated in January, with consumer price growth exceeding the Federal Reserve's target rate, raising affordability concerns among policymakers [1] CPI Data Summary - The consumer price index (CPI) rose 0.2% month-over-month in January and 2.4% year-over-year, down from 2.7% in December [2] - Core prices, excluding volatile items like gasoline and food, increased by 0.3% from the previous month and slowed to 2.5% year-over-year from 2.6% last month, aligning with economists' expectations [3] Data Collection Impact - Inflation data from December 2025 to April 2026 will be influenced by data collection interruptions due to a 43-day government shutdown [4] - The Bureau of Labor Statistics (BLS) utilized a carry-forward methodology to compensate for missing data, which may introduce a downward bias in inflation data until fresh data is available in spring [5] Cost of Living Breakdown - High inflation has significantly impacted U.S. households, particularly lower-income Americans who spend a larger portion of their income on necessities [6] - Food prices increased by 0.2% in January and are 2.9% higher year-over-year, with the food at home index up 2.1% and food away from home index up 4% [7] - Energy prices decreased by 1.5% month-over-month and are down 0.1% year-over-year, with gasoline prices falling 3.2% for the month and 7.5% year-over-year [9] - Housing prices rose 0.2% in January and are up 3% annually, with the shelter index being the largest contributor to the overall CPI increase [10] Sector-Specific Price Changes - Transportation services costs increased by 1.4% in January and are 1.3% higher than a year ago, with airline fares jumping 6.5% for the month [11] - Medical care costs rose by 0.3% in January and have increased by 3.9% over the past year [11]
Apollo Funds to Acquire Prosol Group, a Leading French Fresh Food Retailer
Globenewswire· 2025-12-16 06:00
Core Insights - Apollo-managed funds have agreed to acquire a majority stake in Prosol Group, a leader in fresh food retail in France, from Ardian, with existing shareholders and management reinvesting alongside Apollo [1][3] - Prosol operates nearly 450 stores in France under brands such as Grand Frais and Fresh, focusing on fresh, quality products and a vertically integrated supply chain [2][8] - The investment is expected to support Prosol's growth ambitions both in France and internationally, leveraging Apollo's extensive retail expertise [3] Company Overview - Prosol, founded in 1992, has established a strong customer base through its proprietary supply chain and high-quality product offerings [2][6] - The company operates under multiple retail brands, including Grand Frais, Fresh, La Boulangerie du Marché, mon-marché.fr, BioFrais, and Banco Fresco in Italy [2][8] - Prosol's model emphasizes long-term partnerships with producers, in-house expertise, and a dedicated logistics network to ensure product quality and freshness [7] Investment Details - The transaction is subject to regulatory approvals and is expected to close in Q2 2026 [4] - Apollo has a successful track record in private equity, particularly in the retail and consumer sectors, with approximately €14 billion invested in French companies [3][5]
海拔4500米的“菜篮子”:西藏阿里噶尔县生态农业产业焕生机
Zhong Guo Xin Wen Wang· 2025-09-28 01:52
Core Viewpoint - The article highlights the establishment and operational success of the ecological agricultural industrial park in Gar County, Tibet, aimed at addressing local agricultural challenges and improving food security for the community [1] Group 1: Background and Development - The ecological agricultural industrial park was initiated in 2011 and became operational in 2018, managed by the local government and operated by a cooperative [1] - The park covers an area of 1,000 acres and includes various agricultural facilities such as greenhouses and livestock shelters [1] Group 2: Objectives and Achievements - The park aims to solve issues related to high vegetable prices, limited variety, and employment difficulties for relocated households [1] - Currently, the park cultivates over 400 acres of vegetables, fruits, and flowers, and has developed 250 acres for seedling cultivation [1] - In December 2022, the park was recognized as a provincial-level agricultural science and technology park in Tibet [1]