Consumers are changing their spending habits in the face of prolonged price growth. I think fundamentally weak stocks Beyond Meat, Inc. (BYND), Tattooed Chef Inc. (TTCF), and AppHarvest, Inc. (APPH) are best to avoided now for the reasons discussed throughout this article.
The Consumer Price Index (CPI) increased by 0.6% from January 2023 and February 2023 and by 6% from February 2022. From January 2023 to February 2023, the CPI for total food climbed by 0.4%, and food prices were 9.5% higher than in February 2022.
