BofA says food and beverage inflation rose to 3.7% in February

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Long-time Tesla bull flips to sell, sees stock plunging to $150 amid AI concerns Which chip stocks are set to benefit from Musk’s massive Terafab plans? Oil resumes climb as fresh strikes hit Middle East - what’s moving markets Traders placed $580M in oil bets minutes before Trump’s Iran post 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights BofA says food and beverage inflation rose to 3.7% in February By Editor Garrett Cook Stock Markets Editor Garrett Cook Published 03/24/2026, 05:39 AM BofA says food and beverage inflation rose to 3.7% in February 0 KC 1.17% LCCc1 -1.91% OJ 1.08% CC -1.95% LCc1 0.53% DCSc1 0.00% NALUc1:NS 1.56% Investing.com -- Food and beverage companies saw cost inflation accelerate in February, according to Bank of America’s latest Trendspotter report. Spot inflation for companies in BofA’s packaged food and beverages coverage universe increased 40 basis points month-over-month from January to 3.7% year-over-year in February. The low-single digit spot inflation was driven by higher prices for turkey due to avian flu, vegetables, and milk . Deflationary commodities included eggs, cocoa , and orange juice. BofA’s estimated T-9 hedged basket was up 3.8% year-over-year in February, which is 2 basis points higher than the prior month. Commodities that bear watching for 2026 include cocoa, coffee , beef, and aluminum, according to the bank. BofA noted that February results do not reflect recent increases given the Iran conflict, which the bank expects to put upward pressure on rates next month. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.