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Shining Light on Farm & Food Policy for 20 Years.
Thursday, April 25, 2024
Supermarket prices jumped another 1% in April, led by sharply higher costs for chicken, dairy products and eggs, and are up 10.8% over the past year, according to the latest Consumer Price Index.
Grocery prices rose 1.5% in March and 10% over the last 12 months, the Bureau of Labor Statistics reported Tuesday morning. The 12-month increase is the largest in 31 years.
Agri-Pulse Daybreak: Budget process kicking off * Fortenberry resigning * USDA revises supermarket prices for 2022 upward * Ukraine gets new ag minister
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.
Republicans on the House Agriculture Committee are raising concerns the Biden administration is putting too much emphasis on promoting climate-related ag practices, with one GOP member suggesting the policy was increasing food prices.
Higher prices for meat and other foods are helping fuel the inflation that is pinching consumers. Supermarket prices rose 0.8% in June, driven by a 2.5% increase for meat, poultry, fish, and eggs. Beef prices rose 4.5% last month.
The average cost for an Independence Day party of ten rose just 11 cents compared to last year, according to an annual survey by the American Farm Bureau Federation.
WASHINGTON, Sept. 25, 2017 - Bacon led the pack in price increases for some commonly purchased food items included in the American Farm Bureau Federation’s Fall Harvest Marketbasket Survey.
WASHINGTON, July 12, 2107 - Global food commodity prices rose in June, led by wheat and meat prices, according to the FAO Food Price Index compiled by the U.N.’s Food and Agriculture Organization (FAO).