Reported 11 days ago
Food inflation continued to rise in October, with the Bureau of Labor Statistics noting a 1.1% increase in grocery prices compared to a year ago and a 0.1% increase from September. The cost of dining out surged by 3.8%, while egg prices jumped 30.4% year-over-year despite a monthly decrease. Beef prices saw a slight annual rise of 1.9% but fell by 1.1% month-over-month. Influenced by adverse weather and supply challenges, overall food prices remain under pressure.
Source: YAHOO