Falling milk prices—particularly over the past decade—have been a warning signal for a slowdown, while rising prices have accompanied upturns in the economy, according to research from Nicholas Colas, chief market strategist at ConvergEx in New York.
"That's good news for this high-profile consumer good and its effect on inflationary expectations," Colas said. "At the same time, milk prices have been cyclical since the Great Depression. The pullback in 2012 could therefore be a useful early warning sign about a slowing U.S., and global, recovery."
Read it at CNBC NetNet
What Falling Milk Prices Say About an Economic Slowdown
by Jeff Cox | CNBC.com Senior Writer
Other interesting stuff about price level in the post, too.