Food prices are on the rise again. What’s behind the increase
3 weeks, 4 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 it was before the pandemic … nothing alarming,” said Gregory Daco, EY Parthenon’s chief economist. Dramatic increases in ‘pockets of the food aisles’ Even before “inflation” became a household word, food prices have long been subject to fluctuations as the result of weather events, crop yields, disease, war, supply chain snarls, spikes in demand or other temporary disruptions. “That’s the difficult part — you’re unlikely to see food prices fall significantly and revert to 2019 levels,” Daco said.

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History of this topic

Despite inflation, some everyday products actually dropped in price this year
1 week, 2 days ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most …

Fast food fans outraged after another popular chain announces price hike
3 weeks, 2 days ago

Fast food fans outraged after another popular chain announces price hike

Daily Mail  

Fast food fans have been left outraged after yet another chain announced a price hike. Former CEO Brian Niccol said in July that Chipotle was retraining its workforce at ten percent of its locations to ensure customers were getting the right sized portions. Prices for a typical combo meal at the five biggest burger chains - McDonald's, Burger King, Wendy's, …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 2 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices are on the rise again. What’s behind the increase
3 weeks, 4 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 producer prices surge on costly eggs, but disinflationary trend intact
3 weeks, 6 days ago

US producer prices surge on costly eggs, but disinflationary trend intact

Live Mint  

* Producer prices increase 0.4% in November * Goods, primarily eggs account for bulk of the rise in PPI * Moderate rise in services bodes well for core PCE inflation * Weekly jobless claims increase 17,000 to 242,000 * Continuing claims advance 15,000 to 1.886 million By Lucia Mutikani WASHINGTON, - U.S. producer prices increased by the most in five …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
3 weeks, 6 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — 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% …

US wholesale inflation surged higher in November
Trending News
4 weeks 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
4 weeks 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 …

Food prices reach 19-month high in November, UN says
1 month ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

No Yolk! Egg prices jump by 63 percent in a year now costing an average of $3.37
1 month, 1 week ago

No Yolk! Egg prices jump by 63 percent in a year now costing an average of $3.37

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Egg prices are rising again in the US as an …

Price warning as 17-month run of falling shop inflation ends
1 month, 2 weeks ago

Price warning as 17-month run of falling shop inflation ends

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 A 17-month-long run of falling shop inflation has ended, with …

Egg prices tick up in US amid efforts to halt spread of bird flu
1 month, 2 weeks ago

Egg prices tick up in US amid efforts to halt spread of bird flu

Al Jazeera  

Price for a dozen eggs has increased by more than 60 percent over the last year as millions of birds killed. Egg prices are rising once more as a lingering outbreak of bird flu coincides with the high demand of the holiday baking season in the United States. “Those are being rapidly corrected, sometimes within a day,” said Emily Metz, …

Thanksgiving dinner groceries: How much can you buy with $100?
1 month, 2 weeks ago

Thanksgiving dinner groceries: How much can you buy with $100?

Associated Press  

Why did prices spike and will they come down? Higher energy prices also made it more expensive to transport goods and make packaging materials like aluminum cans. In 2022, the war in Ukraine caused global wheat and corn prices to surge, while a severe outbreak of avian flu in the U.S. caused a spike in egg and poultry prices. Droughts, …

All about the inflation spike: how, why & when
Trending News
1 month, 3 weeks ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
1 month, 3 weeks ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

Spectre of food inflation haunts the economy again
1 month, 3 weeks 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, 3 weeks 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 …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 3 weeks ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

India’s retail inflation surges to 6.2% in October
1 month, 3 weeks ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

Here we go again: Egg prices are spiking. Here’s why
3 months, 2 weeks ago

Here we go again: Egg prices are spiking. Here’s why

CNN  

New York CNN — Supermarket prices are no longer skyrocketing – except, of course, if you’re buying eggs. “Price impacts of the HPAI outbreak will be monitored closely,” the USDA said in August, adding that bird flu “contributed to elevated egg prices” this summer by “reducing the US egg-layer flock.” Thankfully, eggs aren’t nearly as expensive as they were in …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 4 weeks 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 …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 4 weeks ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. 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, …

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 4 weeks ago

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

Politico  

For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago, particularly for food, gas, rent and other necessities. A key reason for last month’s drop in overall inflation was the third decline in gas prices in the past four months: Average gas prices fell 0.6% from July …

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says
4 months ago

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says

The Hindu  

A sharp 51% drop in tomato prices aided in an 8% decline in average vegetarian meal costs through August but onion and potato prices surged more than 50% and the actual price paid by consumers for a vegetarian plate of food remained the second highest over the past year at ₹31.2, just 4% below July levels, as per Crisil’s monthly …

Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign
4 months, 3 weeks ago

Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign

Associated Press  

▶ Follow the AP’s live coverage of the 2024 election WASHINGTON — Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries and laying out plans to cut other costs as she looks …

Harris zeroes in on high food prices as inflation plays a big role in the presidential race
4 months, 3 weeks ago

Harris zeroes in on high food prices as inflation plays a big role in the presidential race

LA Times  

President Biden listens as Vice President Kamala Harris speaks about the administration’s efforts to lower costs during an event at Prince George’s Community College in Largo, Md., Thursday. Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price …

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index
5 months, 2 weeks ago

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index

The Hindu  

Extreme weather, lower reservoir levels and crop damage have affected farm output and led to higher food prices over the past two years, the Economic Survey 2023-24 said on July 22. Removal of food from Inflation-targeting framework The Reserve Bank should stop looking at food inflation in deciding interest rates and the Government should explore giving coupons or direct cash …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 3 weeks ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

US wholesale inflation picked up in June in sign that some price pressures remain elevated
5 months, 3 weeks ago

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The Labor Department said Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from May to June after being unchanged the month before. The increase …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 4 weeks 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, 4 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. …

31%: The surge in food prices irking voters in the UK election
6 months ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

Even with food prices flattening out, the cost of dining out is still going up
6 months, 4 weeks 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 …

Egg and milk prices fall, fueling hope for interest rate cuts
7 months, 3 weeks ago

Egg and milk prices fall, fueling hope for interest rate cuts

NPR  

Egg and milk prices fall, fueling hope for interest rate cuts Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Inflation slowed last month, offering a note of relief to cash-strapped shoppers after three months of bigger-than-expected price increases. "Core" inflation, which strips out volatile food and energy prices, was 3.6% in April — the lowest reading in …

World food price index up for second month in April, says U.N. agency
8 months ago

World food price index up for second month in April, says U.N. agency

The Hindu  

The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and slight gains for vegetable oils and cereals outweighed decreases for sugar and dairy products. The Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, up from a revised 118.8 …

Why experts say inflation is relatively low but voters feel differently
8 months, 2 weeks ago

Why experts say inflation is relatively low but voters feel differently

NPR  

Why experts say inflation is relatively low but voters feel differently Enlarge this image toggle caption Scott Olson/Getty Images Scott Olson/Getty Images A lot goes into planning a personal budget – and the price of food and how it fluctuates with inflation can be a big part of that. And interestingly, for the last eight months, consumers have been reporting …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 3 weeks 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, 3 weeks 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 …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 3 weeks ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Restaurant Bills To Rise By 8% This Month; Here's Why
9 months ago

Restaurant Bills To Rise By 8% This Month; Here's Why

News 18  

Eating out and ordering food will be more expensive, including chocolates. The bills in fast food restaurants and upscale restaurants could rise by 5-8% from this month, as the prices of cocoa, coffee, palm oil and sugar have risen sharply in the last quarter. “We assess the situation closely.” Cocoa prices have risen to a record level and reached over …

What’s keeping egg prices high for Easter? It’s not just inflation
9 months, 1 week ago

What’s keeping egg prices high for Easter? It’s not just inflation

Associated Press  

Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers. While global prices are lower than they were at this time last year, they remain elevated, said Nan-Dirk Mulder, a senior global specialist with Dutch financial firm RaboBank’s RaboResearch Food …

US wholesale prices picked up in February in sign that inflation pressures remain elevated
9 months, 3 weeks ago

US wholesale prices picked up in February in sign that inflation pressures remain elevated

Associated Press  

WASHINGTON — Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches …

Wholesale food prices spiked in February
9 months, 3 weeks ago

Wholesale food prices spiked in February

The Hindu  

India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices. The Wholesale Food Index picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose …

US inflation up again in February in latest sign that price pressures remain elevated
9 months, 4 weeks ago

US inflation up again in February in latest sign that price pressures remain elevated

Associated Press  

WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year. Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, …

Supermarket price gouging: Rise in farmers selling directly to customers
10 months, 1 week ago

Supermarket price gouging: Rise in farmers selling directly to customers

Daily Mail  

A growing number of Aussie farmers want shoppers to buy directly from them as supermarkets come under increased scrutiny due to rising prices. Pictured is Bianca Tarrant and Dave McGiveron, founders of farm-direct service Our Cow A growing number of Australians are opting to use farm-direct delivery services than buy their weekly shop at major supermarkets like Coles and Woolworths …

Consumers are increasingly pushing back against price increases — and winning
10 months, 2 weeks ago

Consumers are increasingly pushing back against price increases — and winning

Associated Press  

WASHINGTON — Inflation has changed the way many Americans shop. “That was the fear — that everybody would tolerate higher prices,” said Gregory Daco, chief economist at EY, a consulting firm, who notes that it hasn’t happened. “I don’t think we’ve moved into a high inflation regime.” Instead, this time many consumers have reacted like Stuart Dryden, a commercial underwriter …

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