Items Tagged with 'grocery store prices'

Increases for a wide variety of staples helped drive grocery store prices up 0.4% in September, the largest jump since January, the Bureau of Labor Statistics reported Thursday.

In an inflationary environment, food prices tend to shoot up like rockets and come down like feathers, and food economists believe that will continue to be the case in keeping food prices from going down heading into the holidays and 2024.  

The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.