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Food Prices

All articles tagged with #food prices

economy1 day ago•5 min saved

Affordability Remains Americans' Top Worry: Food, Housing, Health Care

Despite a resilient economy and cooling inflation, CBS News reports Americans’ top economic concern remains affordability, driven by rising food costs, a tight housing market and higher health-care premiums. Pew data place food, housing and health care at the forefront of worries ahead of President Trump’s State of the Union. While the administration touts measures like housing-market reforms and drug-price initiatives, economists caution that a lasting relief requires addressing a persistent housing shortage and ongoing health-insurance costs, with staples such as ground beef and coffee up significantly and 2026 health insurance premiums rising about 6–7%.

via CBS News|

#affordability #consumer-confidence #economy

business1 month ago•22 min saved

Trump’s Economic Year One: Some Wins, Many Promises Yet to Deliver

A year after returning to the White House, Trump’s economy has been resilient with some gains—notably a stock-market rally driven in part by AI optimism and tariff revenue—while several campaign promises have not materialized. Food prices are mixed (down in some categories, up in others), gas prices fell but not to the promised level, energy costs did not halve, auto manufacturing hasn’t revived, manufacturing jobs remained flat or declined, and debt continues to rise despite tariff income; the piece weighs promises against actual progress and highlights structural constraints behind the mixed picture.

via The New York Times|

#business #food-prices #manufacturing-jobs

business1 month ago•4 min saved

American Grocery Bills Jump Nearly 19% Since 2022

U.S. food prices have risen about 19% since January 2022, with December’s CPI showing food up 3.1% year over year and 0.7% for the month. Beef, coffee and other staples are driving the climb, while eggs have cooled after a spike. Dining out isn’t spared either, as food-away-from-home costs rose about 4.1% annually, amid factors like constrained supplies, tariffs, weather, and higher labor and utility costs. Tariff cuts announced in November had not yet translated into immediate price relief.

via CBS News|

#business #cpi #dining-out

economy1 month ago•4 min saved

Gas Price Dip Fails to Offset Food and Housing in December Inflation

December 2025 inflation rose 2.7% from a year earlier as gas prices fell 0.5% month-to-month, but grocery prices jumped 0.7% and housing costs edged higher—the largest contributor to the monthly increase—leaving inflation above the Fed's 2% target and shaping expectations for policy moves.

via NBC News|

#economy #federal-reserve #food-prices

economy2 months ago•12 min saved

US Consumers Navigate Rising Costs in Trump's Economy

The article explores how the US economy under Trump's administration has impacted food consumption, highlighting rising food costs, increased demand at food pantries, and the disparity between different socioeconomic groups, with some still spending lavishly on luxury foods like caviar while others struggle to afford basic necessities.

via The Guardian|

#caviar-trends #consumer-spending #economy

economy2 months ago•4 min saved

UK Inflation Falls, Boosting Expectations of Rate Cuts

The latest inflation figures show a slowdown in price increases, with a 3.2% rise over the past year, driven by falling food prices and reduced clothing costs, which may lead to lower interest rates and cheaper borrowing, offering some relief for consumers but potentially impacting savers.

via BBC|

#cost-of-living #economy #food-prices

business2 months ago•3 min saved

UK Inflation Falls to 3.2%, Boosting Expectations of Christmas Rate Cut

UK inflation fell to 3.2% in November, driven by lower clothing, food, and other prices, surpassing expectations and raising hopes of peaking inflation, which may lead to further interest rate cuts; however, some prices like beef and coffee continue to rise, and the overall cost of living remains high for many households.

via BBC|

#business #clothing-prices #food-prices

business3 months ago•2 min saved

Trump to Implement Significant Tariff Relief on Coffee and Bananas

The Trump administration plans to take swift action to lower the prices of imported goods like coffee and bananas, with discussions about reducing tariffs on these items to address rising costs, amid concerns about affordability and economic impacts.

via Business Insider|

#business #coffee-prices #economic-policy

politics3 months ago•3 min saved

Trump Faces Skepticism Over Claims on Food Prices and Affordability

CNN host Abby Phillip refuted President Trump's claims that food prices have decreased under his administration, citing official data showing food costs have risen since last year, and highlighted economic concerns such as rising layoffs and inflation, contradicting Trump's assertions of economic success.

via HuffPost|

#biden #economy #food-prices

business3 months ago•4 min saved

Trump Demands Investigation into Foreign-Owned Meat Packers Over Beef Price Inflation

President Trump accused foreign-owned meat packers of inflating US beef prices and called for a Department of Justice investigation, citing concerns over market manipulation amid record-high beef prices driven by drought, demand, and tariffs, though experts and industry groups dispute these claims and suggest no evidence of collusion.

via AP News|

#antitrust-investigation #beef-prices #business

fact-checking3 months ago•3 min saved

Trump Highlights Walmart Thanksgiving Deal Amid Economic Debate

President Trump claims Walmart's Thanksgiving basket is cheaper this year, but it contains fewer items and the composition has changed, making direct price comparisons misleading. While Walmart reports a 25% price reduction, overall grocery prices have actually increased since Trump took office, contradicting his assertions.

via CNN|

#fact-checking #food-prices #price-comparison

economy3 months ago•4 min saved

Rising Food Costs Threaten to Make Thanksgiving Dinner More Expensive

Despite overall rising food prices, the cost of a traditional Thanksgiving meal has decreased slightly this year, with prices for key items like turkey, sides, and desserts falling or remaining stable, partly due to better retailer planning and lower wholesale costs.

via USA Today|

#economy #food-prices #grocery-shopping

economy3 months ago•3 min saved

Treasury Warns of Rising Inflation Despite Trump's Denial

The Treasury Department reported that inflation remained above the 2% target in Q3, contradicting President Trump's claims of no inflation, with inflation at 3% in September. Despite steady economic growth and moderate wage increases, lower-income consumers are struggling more than higher-income groups. The labor market shows slight moderation, and upcoming GDP and jobs data are delayed due to a government shutdown. The report highlights potential risks and the impact of artificial intelligence on the economy.

via NBC News|

#economic-growth #economy #food-prices

economy4 months ago•5 min saved

Rising Grocery Prices: Causes and Tips to Save

The prices of beef, bananas, and coffee have surged due to a combination of climate change impacts, supply chain disruptions, tariffs, and economic factors, with beef prices reaching their highest levels since the 1980s, coffee and banana prices also hitting record highs, reflecting ongoing inflation and supply constraints.

via CBS News|

#bananas #beef #coffee

business4 months ago•4 min saved

Supermarkets warn tax hikes may increase food prices

Supermarket leaders in the UK warn that potential tax hikes could lead to higher food prices, amid ongoing inflation driven by global factors and domestic tax policies, with industry lobbying for tax relief to help keep prices affordable ahead of the upcoming Budget.

via BBC|

#business #food-inflation #food-prices