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Balanced Reporting. Trusted Insights.
Monday, April 14, 2025
The cost of groceries jumped in March on higher prices for meat, eggs and milk, despite an overall decline in the cost of living. The overall Consumer Price Index fell 0.1% last month.
Egg prices have eased significantly as the avian flu outbreak has died down in recent weeks, but experts warn price volatility could return as the weather warms and more infected flocks are hit.
USDA has sharply lowered its forecast for food inflation this year as price declines for dairy products and pork are expected to help offset sharply higher prices for beef and eggs.
Amid rising egg prices, USDA will invest $1 billion to combat the avian flu through a multi-pronged approach but will not authorize a vaccine at this time.
With bird flu shrinking the nation’s egg supply, the National Chicken Council is asking FDA to change its rules and let broiler producers send their surplus eggs for breaking.
Draft guidance released Monday by the Food and Drug Administration recommends that primary labeling for plant-based alternatives include more detailed information about what ingredients are used to better inform consumers.
The cost of groceries jumped half a percent in November, driven by higher prices for eggs and beef, but supermarket prices have still risen just 1.6% over the past 12 months despite the spike last month.
Corn and soybean prices fell Friday following USDA’s release of its latest World Agricultural Supply and Demand Estimates report, which projects a record soybean crop and “smaller supplies, larger exports, and reduced ending stocks” for corn.
The cost of groceries rose 0.1% for the second month in a row in July, led by increases in the cost of beef, eggs, milk and fresh produce. Consumers continue to see significantly more inflation when they're eating out.
