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Balanced Reporting. Trusted Insights.
Tuesday, April 15, 2025
Supermarket prices shot up a full 1% in January, despite a decline in the cost of beef and pork, and are up 7.4% over the past year as inflation shows little sign of abating.
Grocery prices rose again in December, but some easing in beef and pork prices helped keep the increase below what it had been in the previous three months, according to the latest Consumer Price Index.
The Supreme Court announces whether it will hear arguments in three cases important to farmers, while lawmakers put a focus on water infrastructure needs and a House panel examines the impact that a shift to electric vehicles could have on U.S. agriculture.
Supermarket prices jumped 0.8% in November, pushing the inflation rate for food costs to 6.4% over the past year, the largest increase for a 12-month period since 2008. The White House claims meatpackers bear a lot of the blame.
Supermarket prices jumped another 1% in October and are up 5.4% over the past year as food continues to contribute to the worst inflation consumers have seen in decades.
