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Shining Light on Farm & Food Policy for 20 Years.
Sunday, August 18, 2024
The White House is no doubt glad to see the Consumer Price Index stay unchanged for July. But there is little good news in the latest data for supermarket prices.
Supermarket prices jumped another 1% in April, led by sharply higher costs for chicken, dairy products and eggs, and are up 10.8% over the past year, according to the latest Consumer Price Index.
President Joe Biden will be in Iowa today for a speech at a POET bioethanol facility, where he is set to announce a lifting of the ban on summertime E15 sales.
Grocery prices rose 1.5% in March and 10% over the last 12 months, the Bureau of Labor Statistics reported Tuesday morning. The 12-month increase is the largest in 31 years.