One third of inflation-ravaged U.S. households are skipping meals
2 years, 2 months ago

One third of inflation-ravaged U.S. households are skipping meals

Daily Mail  

One third of households are skipping meals or reducing the size of portions and nearly two thirds would struggle to raise $400 quickly, according to a study on months of runaway inflation hurting everyday Americans. Consumer data firm Dunnhumby says shoppers increasingly feel the pain of rising grocery store prices, which many respondents said was far higher than the official 13.5 percent rate recorded by the Bureau of Labor Statistics. U.S. consumer prices unexpectedly rose in August, with an 8.3 percent increase against the previous year, and underlying inflation accelerated amid rising costs for rents, healthcare and food. According to the Labor Department’s Consumer Price Index, the overall cost of food rose 11.4 percent, with the food-at-home category, groceries, up 13.5 percent – the steepest rises since the late 1970s.

Inflation Grocery Nearly Cutting Prices  inflationravaged  inflation  shoppers  meals  raise  rose  researchers  cutting  prices  skipping  price  grocery  households  nearly

History of this topic

Food prices are on the rise again. What’s behind the increase
1 week, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

US wholesale inflation surged higher in November
Trending News
1 week, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 6 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Grocery inflation rises as supermarket trips hit four-year high
1 month, 1 week ago

Grocery inflation rises as supermarket trips hit four-year high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 1 week ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

Sticker shock: How the supermarket has become a potent symbol of inflation in America
5 months, 2 weeks ago

Sticker shock: How the supermarket has become a potent symbol of inflation in America

NPR  

Sticker shock: How the supermarket has become a potent symbol of inflation in America toggle caption Chase Castor for NPR For Ellie Currence, every trip to the grocery store brings a moment of sticker shock. "Everything is more expensive, which is a huge bummer because it's the essentials I need," says Currence, who lives in Belton, Mo., outside Kansas City. …

Food inflation still a concern, experts say: ‘Fight on this front far from over’
6 months, 1 week ago

Food inflation still a concern, experts say: ‘Fight on this front far from over’

Hindustan Times  

In the latest assessment of India's Consumer Price Index inflation for May 2024, experts from India Ratings and Research, the PHD Chamber of Commerce and Industry, and CRISIL shared their insights, highlighting both positive trends and lingering challenges. Sinha and Jasrai noted, "The core inflation though edged down further to 3.1 per cent in May 2024. Commenting on the CPI …

Even with food prices flattening out, the cost of dining out is still going up
6 months, 1 week ago

Even with food prices flattening out, the cost of dining out is still going up

CNN  

New York CNN — Grocery prices stayed flat in May, after ticking down the month before. But menu prices, a source of frustration for budget-conscious consumers, are still going up — even as restaurants brag about their discounted meals. Menu prices rose 0.4% at sit-down restaurants from April to May, adjusted for seasonal swings, according to inflation data released Wednesday …

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras
6 months, 3 weeks ago

"Shrinkflation" claims have hit Chipotle — and its customers are ready with their cameras

Salon  

Earlier this month, social media star and food critic Keith Lee took to TikTok to post a review of several menu items from Chipotle. I truly want to find out.” Lee also complained about the lack of chicken in his bowl, saying Chipotle’s “portions been crazy low.” An online frenzy soon ensued with other consumers echoing similar sentiments and accusing …

Target is cutting prices on 5,000 items including milk, butter and pet food
7 months ago

Target is cutting prices on 5,000 items including milk, butter and pet food

NPR  

Target is cutting prices on 5,000 items including milk, butter and pet food Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Target says it is dropping the prices of 5,000 common items, joining a growing list of stores trying to draw inflation-weary shoppers. Target's list of price cuts, posted on Monday, includes "milk, meat, bread, soda, fresh …

McDonald's sales miss market expectations amid boycott calls in several markets
7 months, 3 weeks ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 1 week ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

How the rate of inflation has changed for everyday items
8 months, 1 week ago

How the rate of inflation has changed for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation fell to a fresh …

Battle for customers drives down UK shop inflation
8 months, 3 weeks ago

Battle for customers drives down UK shop inflation

China Daily  

Competition for customers between retailers has played a big part in shop price inflation in the United Kingdom falling to its lowest level in two years, newly published figures have revealed. Food inflation dropped from 5 percent to 3.7 percent, and non-food inflation plummeted down from 1.3 percent to 0.2 percent, as retailers battled to win over customers who have …

Consumers are increasingly pushing back against price increases — and winning
9 months, 4 weeks ago

Consumers are increasingly pushing back against price increases — and winning

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That was the fear — that everybody would tolerate …

Drought, food inflation drive grocery bill northwards; households start rationing
10 months, 1 week ago

Drought, food inflation drive grocery bill northwards; households start rationing

The Hindu  

Shruthi H., a homemaker from South Bengaluru, said her monthly grocery bill had ballooned by at least 20-25% over the last three months and this has affected the monthly budget. One of the main drivers of the rally in food prices is rice, which most households cannot avoid,” said Rajashekhar, who runs a supermarket in Sahakar Nagar, North Bengaluru. Cereals …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 1 week ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

US consumer inflation falls to 3.1pc in January, but less than expected
10 months, 1 week ago

US consumer inflation falls to 3.1pc in January, but less than expected

Hindustan Times  

US consumer inflation cooled in January but at a slower rate than expected, resisting President Joe Biden's efforts to soothe families' cost of living concerns in an election year. U.S. President Joe Biden The closely watched Consumer Price Index rose 3.1 percent from a year ago last month, down from 3.4 percent in December, the Department of Labor said on …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

2024 brings breather on inflation but food prices are still sticky
10 months, 1 week ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 2 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

Grocery inflation sees fastest monthly drop as households spend all-time high
11 months, 3 weeks ago

Grocery inflation sees fastest monthly drop as households spend all-time high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarket inflation has seen its …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

Europe’s lower food inflation isn’t good news for marketers
1 year, 4 months ago

Europe’s lower food inflation isn’t good news for marketers

Live Mint  

Huge hikes in food prices and other daily essentials in European markets are coming to an end. Unilever, the owner of brands like Dove and Marmite, said it faced €400 million of materials inflation in the second half of its current fiscal year, down from €1.6 billion in the first half. It’s true that when prices stabilized and in some …

More than 80% of shoppers concerned about supermarket ‘shrinkflation’ – survey
1 year, 5 months ago

More than 80% of shoppers concerned about supermarket ‘shrinkflation’ – survey

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Barclays reported consumer card spending grew 5.4% year-on-year in June, up from May’s 3.6%, …

Ocado announces price cuts to milk and other ‘everyday essentials’
1 year, 5 months ago

Ocado announces price cuts to milk and other ‘everyday essentials’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

SHRINKFLATION eats into every corner of the weekly shop
1 year, 6 months ago

SHRINKFLATION eats into every corner of the weekly shop

Daily Mail  

Every element of the weekly shop, from the breadbin to the bathroom, is being hit by ‘shrinkflation’, while even the family cat is missing out with a secret shift to smaller portions. Among the many big brands in the dock are Fairy Liquid, Pringles, Lurpak, Cadbury, Whiskas, Andrex, Hellmann’s, McVitie’s, Warburtons, Walkers, Head & Shoulders and Magnum Pringles is cutting …

Inflation falls to lowest level in over a year - but food prices remain high
1 year, 7 months ago

Inflation falls to lowest level in over a year - but food prices remain high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to its lowest level in over …

UK inflation falls to lowest level in over a year but food prices keep decline in check
1 year, 7 months ago

UK inflation falls to lowest level in over a year but food prices keep decline in check

Associated Press  

LONDON — Inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine, though elevated food prices meant it didn’t fall as much as anticipated. “The rate of inflation fell notably as the large energy price rises seen last year were not repeated this April, but was offset partially by increases in …

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows
1 year, 7 months ago

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows

The Independent  

Some meat, yoghurt and vegetables are among items that have doubled in price compared to a year ago, new figures show. urged prime minister Rishi Sunak to intervene on behalf of struggling consumers as its latest data shows food inflation remaining at “shockingly high levels”. With levels of food poverty among children having doubled in the year to January 2023, …

Food prices set to come back down soon, supermarket chiefs promise
1 year, 7 months ago

Food prices set to come back down soon, supermarket chiefs promise

The Independent  

Supermarket bosses are said to have told Rishi Sunak’s government that food price inflation has already peaked and costs to the consumer will start to fall in the coming months. It comes after the Bank of England food price pressures had proved more “sticky” than expected as UK inflation remains “stubbornly high”. Top supermarkets assured chief secretary to the Treasury …

US wholesale inflation pressures eased sharply last month
1 year, 8 months ago

US wholesale inflation pressures eased sharply last month

Associated Press  

WASHINGTON — U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. But even excluding volatile food and energy prices, so-called core wholesale inflation fell 0.1% in March, the first such drop in nearly three years. Wholesale inflation has come down …

Rising food costs cause people to skip meals, avoid dairy, alcohol, meat to cope financially
1 year, 9 months ago

Rising food costs cause people to skip meals, avoid dairy, alcohol, meat to cope financially

ABC  

Skipping meals, choosing cheaper cuts of meat, and leaving overpriced vegetables out of the shopping basket are some of the cost-saving decisions families are making as food prices soar and mortgage repayments rise. Key points: 70 per cent of Australians are buying different food due to rising prices Welfare recipients say they are skipping meals and relying on donated produce …

US wholesale inflation fell last month on lower food costs
1 year, 9 months ago

US wholesale inflation fell last month on lower food costs

Associated Press  

WASHINGTON — Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing as the Federal Reserve considers whether to keep raising interest rates to fight higher prices. A significant driver of last month’s wholesale inflation slowdown was a huge drop in the prices of eggs, …

Egg crisis hits as grocery price inflation soars to record 17.1%
1 year, 9 months ago

Egg crisis hits as grocery price inflation soars to record 17.1%

The Independent  

Grocery prices have sky-rocketed by a record 17.1 per cent compared to a year ago, according to new research which underlines that the cost of living crisis is far from over. Analysts at the firm looked at grocery inflation, or rising prices, in the four weeks to 19 February and found a 17.1 per cent rise when compared with the …

Grocery price inflation reaches record 17.1%
1 year, 9 months ago

Grocery price inflation reaches record 17.1%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery price inflation has reached …

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’
1 year, 10 months ago

Inflation: McDonald’s hikes price of five items as Waitrose reduces ‘essentials’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to hike the price of five items …

Retail inflation rises to 3-month high of 6.52% in January
1 year, 10 months ago

Retail inflation rises to 3-month high of 6.52% in January

The Hindu  

India’s retail inflation shot back up to 6.52% in January after a two-month streak below the 6% mark, with consumer food prices hardening again to 5.94% from 4.2% in December 2022 amid a broad-based pick-up in price trends across goods and services. “The contribution of food inflation to overall inflation rose to 44% in January from 37% in December,” noted …

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt
1 year, 11 months ago

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt

Firstpost  

Inflation in the United Kingdom eased slightly last month after hitting a 41-year high in October, providing some relief to the Bank of England. The pressure on households, however, remained intense as food and drink prices climbed at the fastest pace since 1977, according to government data London: British finance minister Jeremy Hunt on Wednesday indicated that the UK government …

How everyday food items have risen in price in the past year
2 years ago

How everyday food items have risen in price in the past year

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Food and drink inflation surged to the highest in 45 …

Inflation boosts U.S. household spending to $433 a month
2 years ago

Inflation boosts U.S. household spending to $433 a month

Daily Mail  

American households are still forking out huge sums of extra cash for the same products as last year as inflation batters the nation. Despite weaker than expected inflation for October American households are still feeling the pinch with household spending rising 7.7 percent at the same time last year to $433 a month The impact on households isn't streamline however, …

DC EDIT | First sign of price relief; up to govt to insulate economy
2 years, 1 month ago

DC EDIT | First sign of price relief; up to govt to insulate economy

Deccan Chronicle  

After three months of spike, retail inflation or the Consumer Price Index softened to 6.77 per cent in October. The price rise among cereals, in particular, which has nearly 10 per cent weightage in the retail inflation, remained elevated at 12 per cent, because of irregular monsoon distribution and unseasonal rain disrupting supply. Inflation in energy products and clothes, which …

According To A Survey, UK Citizens Are Having To Skip Meals Due To Inflation
2 years, 2 months ago

According To A Survey, UK Citizens Are Having To Skip Meals Due To Inflation

News 18  

Millions of Britons are skipping meals in current the cost-of-living crisis, a consumer group warned Thursday, having already forecast that many risk fuel poverty after the UK curbed its energy price freeze. The news came after data showed UK inflation jumped back above 10 per cent in September on rampant food prices, as economic troubles pile up for beleaguered Conservative …

Rising prices set to gobble up Americans’ Thanksgiving budgets
2 years, 2 months ago

Rising prices set to gobble up Americans’ Thanksgiving budgets

LA Times  

Grocery shoppers at a store in Rosemead, Calif. Higher prices for food contributed to an annual inflation rate of 8.2% in September. And in areas central to most consumers’ everyday lives, prices are rising at faster rates than many Americans have seen in their lifetimes. “It’s pretty insane,” said Laura Shouse, a small-business owner in Huntington Beach, referring to soaring …

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items
2 years, 2 months ago

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items

India Today  

Retail inflation rose to a five-month high of 7.41 per cent in September mainly due to costlier food items, reason enough for the Reserve Bank to continue with its rate hike cycles it has resorted to since May 2022. Official data released by National Statistical Office on Wednesday showed that the retail inflation based on Consumer Price Index was at …

4 tips for stretching your food dollars as prices continue to rise
2 years, 2 months ago

4 tips for stretching your food dollars as prices continue to rise

Salon  

Inflation has dominated the headlines for much of 2022, with prices for fuel, food and household goods rising dramatically across the country. There's also the distinct possibility that grocery chains, logistics companies and large-scale food producers might be taking advantage of the situation, given that they're posting record-high profits that suggest they're doing more than just passing on their increased …

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