Many food categories saw double-digit 12-month increases, led by eggs, which surged 40%; margarine, up 38%; and flour, which jumped 23%.
, the U.S. Department of Agriculture said factors across the economy, including ongoing supply chain issues and higher energy, transportation, and labor costs have contributed to increases in prices across food categories.— up 82.3% from a year ago. The USDA said an ongoing bird flu outbreak has reduced egg-producing flocks, causing prices to surge.
found consumer estimates of annual food price inflation for both the past 12 months and next 12 months are decreasing, something that"suggests that the fall in price categories like gas might be influencing consumers to believe that food prices are falling too," the survey's authors wrote.
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