Eggs, milk and other grocery prices fall as overall inflation eases
In April, grocery prices declined, easing inflation concerns with a smaller annual increase of 3.4%. Fed may consider interest rate cuts if inflation continues to moderate. [ more ]
Inflation has fallen. Why are groceries still so expensive?
Grocery prices in the U.S. have jumped by 25% over the past four years, outpacing overall inflation.
High grocery prices remain a significant strain on household finances and are considered a persistent economic challenge for the Biden administration. [ more ]
The Drum's Daily Briefing: Shoppers stick with own-brands & AI experts earn more
Grocery price inflation dropped to 2.4%, favoring cheaper own-brand products. Premium own-label sales increased by 9.9%. AI specialists see increased salaries and demand. [ more ]
Expect some food prices to get cheaper next year but typical grocery bills may still go up by $700 | CBC News
Despite falling prices for some essentials, the overall grocery bill for the typical Canadian family is expected to increase by about $700 next year.
Consumers have been cutting back and changing their shopping habits to offset higher food prices, resulting in spending $693 less on food this year compared to last year. [ more ]