Beef prices can rise sharply without moving overall U.S. inflation much: beef products make up less than 1% of the CPI basket, Jeremy Horpedahl said. The point

Beef prices can rise sharply without moving overall U.S. inflation much: beef products make up less than 1% of the CPI basket, Jeremy Horpedahl said. The point underscores how big swings in a few items can coexist with headline inflation near 3%.