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Grocery Prices Dip But Staples Still Soar | Business and Finance News
Description
Grocery prices dipped slightly last month, but inflation still bites—year-over-year, food costs are up 2.7%, outpacing the Fed’s target. While some items like eggs and lettuce saw big drops (thanks to bird flu recovery and seasonal shifts), staples like fruits, veggies, beef, coffee, milk, and rice keep climbing. Produce and meat prices surged due to shipping costs from earlier fuel spikes—with apples up 11% and tomatoes nearly 13%. Beef jumped 9.4%, and coffee over 10%. Egg prices fell 25% after shortages, but overall, grocery inflation remains stubbornly high.
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