IT STARTS: US Grocery Costs Jump the Most Since 1974

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.

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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.

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