IT STARTS: US Grocery Costs Jump the Most Since 1974

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US grocery costs jump the most in 46 years, led by rising prices for meat and eggs

The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974.

The price of the meats, poultry, fish and eggs category rose 4.3%, fruits and vegetables climbed 1.5%, and cereals and bakery products advanced 2.9%.

The grocery numbers stand in stark contrast to the broader trend in U.S. prices, which fell 0.8% in April and clinched their largest one-month decline since 2008.

www.cnbc.com/2020/05/12/us-grocery-costs-jump-the-most-in-46-years-led-by-rising-prices-for-meat-and-eggs.html

 

 

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