Inflation: ‘We’ve seen food prices just explode’ over the last 1-2 years, BlackRock strategist says

Yahoo Finance published this video item, entitled “Inflation: ‘We’ve seen food prices just explode’ over the last 1-2 years, BlackRock strategist says” – below is their description.

#inflation #foodprices #YahooFinance

BlackRock U.S. Head of Thematic and Active Equity ETFs Jay Jacobs joins Yahoo Finance Live to discuss global recession risks, inflationary pressures, supply chain woes, consumer spending, and the outlook for agricultural producers.

Yahoo Finance YouTube Channel

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BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In commerce, a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.

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