Mixed Signals: Grocery Prices Decline in April, But USDA Predicts Increasing Costs This Year.
TL;DR Summary
Grocery prices in the US fell by 0.2% in April compared to March, according to the Bureau of Labor Statistics' Consumer Price Index. However, year-over-year prices are still up 7.1%. The decline was driven by lower prices for milk, fresh fruits, frankfurters, pork, fish and seafood, and nonalcoholic beverages. Prices for food away from home, such as at restaurants and bars, rose 8.6% year-over-year in April. Overall food inflation remains higher, rising 7.7% year-over-year in April.
Topics:business#bureau-of-labor-statistics#consumer-price-index#economics#food#grocery-prices#inflation
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