US grocery prices rose in April, but gas spikes weren’t the only reason
Food at home rose 0.7% in April, the sharpest monthly gain in nearly four years, as higher fuel, shipping and wholesale costs pushed up prices.
- Data released Tuesday by the Bureau of Labor Statistics showed that grocery prices jumped 0.7 percent in April, marking the sharpest one-month increase in nearly four years.
- Conflict in Iran is driving up costs for food in the United States, with overall grocery prices climbing nearly 3 percent over the past year and more than 18 percent since early 2022.
- Fresh vegetables have seen dramatic moves, rising at an annualized pace exceeding 44 percent, while coffee from Brazil and Vietnam climbed more than 22 percent, and bread posted gains of about 8 percent.
- Will Harris, a cattle farmer in Bluffton, Georgia, described unprecedented pressure on his business, saying, 'This is the first time we've ever gone up that much, that fast,' while expressing concern about consumer tolerance.
- While consumer spending has held up, disparities are growing in the United States, with lower-income households pulling back on discretionary purchases as wages lag behind inflation.
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61 Articles
Soaring gas prices aren’t the only reason Americans are paying more for groceries
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why.Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023.Prices at restaurants, fast-food chains and other places to get prepared meals also…
Grocery Prices Surge at Fastest Pace in Nearly Four Years
The effects of the conflict in Iran are beginning to appear on store shelves across the United States, driving up costs for everyday food items at a time when many households are already strained. Data released Tuesday by the Bureau of Labor Statistics showed that grocery prices, or “food at home,” jumped 0.7 percent in […]
US grocery prices rose in April, but gas spikes weren’t the only reason - Regional Media News
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023. Prices at restaurants, fast-food chains and other places to get prepared meals al…
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