Food prices continue to rise
US grocery prices ticked up in May after dipping in March and April. Inflation in America continued to fall significantly, but rising prices at the supermarket is unwelcome news to those struggling to pay for food.
From April to May, adjusted for seasonal swings, grocery prices got 0.1% more expensive, according to the Bureau of Labor Statistics’ Consumer Price Index, a key measure of inflation. Menu items got 0.5% in that time.
Overall, grocery prices were 5.8% more expensive in May than they were a year ago. Menu prices have risen 8.3% over the past year. Together, food prices jumped 6.7% throughout the year, once again outpacing overall annual inflation, which came in at 4%.
Certain food items got quite a bit more expensive over the course of the year.
Margarine spiked 22.5%, flour jumped 17.1%, bread spiked 12.5% and sugar rose 11.1%. Meanwhile, juice and other nonalcoholic drinks popped 9.9%, lettuce went up 9.4%, ham grew 8.2% and — brace yourself — ice cream went up 8%.
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In my experience eating out is even more expensive. Food and fuel for vehicles are consuming more of my budget.
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