Frozen vegetables are up 14.7% for the year, the second-biggest annual increase for that category. ![]() It’s the biggest annual price increase across all food sold in stores that the CPI tracks. Prices for food sold in stores are up 3% year over year, but the biggest increases are in the frozen foods aisle.įrozen juices and drinks are up 20.4% compared to a year ago. Shoppers paid 3.2% more for salad dressing, 2.8% more for shelf-stable fish and seafood and 2.4% for uncooked beef steaks. Pork wasn’t the only food that got pricier last month. The Bank of America analysts said last month they expect bacon prices to cool down.īut despite the August increase, consumers are still paying less for bacon than they did last year, with prices down 6.4% on an annual basis. That law went into effect at the beginning of July following a Supreme Court ruling. It requires that pigs have at least 24 square feet of space in their enclosures for their meat to be sold in the state, Bank of America analysts said in a recent report. The August jump in prices likely has to do with an animal-welfare law in California. Overall pork prices also increased by 2% last month. Prices have since come down by about $1 a pound. The increase comes as wholesale pork belly prices - the cut of meat used to make bacon - hit a near-record high of $2.37 a pound last month, according to data from the US Department of Agriculture. You needed to bring home more of the bacon to buy more baconīacon prices jumped by 4% last month, the biggest monthly increase since June 2020. This time last year, prices were up 13.5% compared to 2021.īut just how much inflation relief you got at grocery stores last month depends on what was in your shopping cart. For the year, grocery prices are up a modest 3%. That’s an improvement from July, when grocery prices were up 0.3%, according to the latest Consumer Price Index, released Wednesday. Grocery price increases in the United States slowed down in August, up just 0.2% for the month. ![]() As overall US inflation heated up last month, consumers got some relief at grocery stores.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |