The cost of eating at home fell 0.4% in April, seasonally adjusted, on broad price declines throughout the grocery store and an especially sharp drop in egg prices.
The retail price of eggs dropped 12.7% last month due in part to the downturn in the avian flu outbreak, but prices are still up 49.3% from April 2024, according to the Consumer Price Index for April, released Tuesday.
The overall CPI rose 0.2% when seasonally adjusted, driven in part by higher housing and natural gas costs. The cost of eating out, which is heavily affected by labor expenses, rose 0.4% in April.
Shoppers saw no relief in beef prices, which rose 0.1% in April and are up 8.5% year over year due to relatively tight cattle supplies. But elsewhere in stores there were plenty of price declines.
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The price of pork was 1.4% lower in April, and chicken prices dropped 0.3%
Prices for cereal and bakery products dropped 0.5%. The price index for dairy products dropped 0.2%. The cost of fruits and vegetables dropped 0.4%, led by a 2.8% fall in citrus prices.
In a statement, White House spokesman Kush Desai said, “The CPI report shows that the American people are experiencing real economic relief: grocery, gas, and egg prices are down, while real wages are up. President Trump’s America First policies created a historic economy in his first term, and he’s laying the groundwork to repeat the success in his second term.”
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