From April to May, adjusted for seasonal swings, grocery prices got 0.1% more expensive, according to the Bureau of Labor Statistics’ Consumer Price Index, a key measure of inflation. Menu items got 0.5% in that time. Overall, grocery prices were 5.8% more expensive in May than they were a year ago. Menu prices have risen 8.3% over the past year. Together, food prices jumped 6.7% throughout the year, once again outpacing overall annual inflation, which came in at 4%.
3%, fresh whole milk dropped 3.4%, pork chops fell 2.2%, and fish and seafood fell 1.1% over the course of the year. Egg prices are in historic decline Even though grocery prices ticked up overall from April to May, a number of individual items got cheaper — notably, eggs. The item, which was soaring earlier this year, dropped 13.8% last month — the largest single-month price decline since January 1951. A highly contagious bird flu reduced the number of egg-laying hens last year.
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