Grocery items with the greatest price increase in April

Inflation rose 0.3 percent in April and 8.3 percent year-on-year, according to April Consumer Price Index data from the Bureau of Labor Statistics released on Wednesday, May 11. The most recent numbers show a slight decline from March’s staggering 1.2%. -increase month.

Stacker analyzed Consumer Price Index data to determine which grocery store commons saw the biggest price increases in April.

Despite the overall pace of slightly softening inflation, grocery costs alone have increased 10.8% since April 2021 – the biggest annual increase in 42 years. The increase was largely due to higher prices for meat, poultry, fish and eggs – up 14.3% year-on-year and the biggest increase in 12 months since 1979.

Looking closer, April marked a 1% month-over-month increase in home food prices. Although this is down from the 1.5% increase recorded in March, it is still the 17th consecutive month in which food costs have increased.

Fresh fruit was the only major food item to drop in price, down 0.5% month-on-month.

Higher labor and operating costs are driving up prices

Milk prices rose 2.5% in April, marking the biggest monthly increase in 15 years.

A sluggish recovery due to pandemic-related supply chain disruptions and higher costs of essential operations such as grain for cows and fuel for equipment are contributing to higher milk prices.

Meat prices are also affected by labor costs, higher commodity prices and growing consumer demand.

The index for eggs rose 10.3% – or nearly 50 cents – in April as commercial poultry farms around the country culled tens of millions of chickens amid a potentially contagious bird flu outbreak. high infection.

Global events continue to impact cheap staples

The average Supplemental Nutrition Assistance Program benefit per person is about $121 per month: less than $1.40 per meal for an individual. While these benefits are intended to help offset some of the financial burden at the grocery store, they are not adjusted for monthly changes in inflation.

Even small differences in the prices of low-priced items in the past can have a significant impact on budget-conscious consumers as inflation picks up.

Major commodities, including wheat, flour and chicken, were not immune to price fluctuations caused by the war. Vulnerable populations will feel the impact on their grocery bills.

Chicken feed costs affected by Russia’s war in Ukraine; The ingredients include sunflower and wheat flour mainly produced by Russia and Ukraine. Those increases are passed on to consumers due to higher poultry prices.

https://www.wfla.com/news/national/grocery-items-with-the-greatest-price-increase-in-april/ Grocery items with the greatest price increase in April

Alley Einstein

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