Grocery prices are rising in America again. Here's what got more expensive | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Inflation in America continued to fall significantly, but rising prices at the supermarket is unwelcome news to those struggling to pay for food.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thieves use truck to pull ATM from market in White CenterA grocery store in White Center is cleaning up after a smash-and-grab overnight. FOX13
Source: fox13seattle - 🏆 328. / 59 Read more »