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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, December 24, 2024
Shoppers saw more relief at the grocery store in April as prices fell another 0.2%, driven by declines in dairy products, pork, eggs, and some fruits and vegetables.
History is repeating itself in the legal battle over the “waters of the U.S.” rule. Just as in 2015, when courts issued repeated rulings blocking implementation of the Obama administration’s rule, courts have again acceded to requests from states and industry groups to enjoin the Biden administration’s rule.
Grocery prices dropped 0.3% in March, the first such decline since September 2020, as consumers benefitted from lower costs for a wide range of foods, including meat, dairy products, and fruits and vegetables.
Supermarket prices rose another 0.3% last month, driven in part by jumps in the cost of beef and pork, but food inflation continues to ease from the spikes shoppers saw in 2022, the Bureau of Labor Statistics reports.
Agriculture Secretary Tom Vilsack faces the Senate Agriculture Committee this week amid uncertainty about the path for a new farm bill and ongoing jousting between the Biden administration and Republicans over the economy and federal spending.
Grocery prices rose 0.2% in December, driven in part by another spike in the cost of eggs and an increase in beef prices that helped offset declines in many other categories.
Analysts say consumers are likely to see relatively high prices in grocery stores and restaurants for some time, due to strong commodity markets and high agricultural input costs that get passed through the food chain.
Supermarket prices rose 0.4% in October, their smallest increase since December 2021, as shoppers actually saw price declines in the meat and dairy cases and other areas of the store.
