Grocery items with the largest price increase in April

Grocery items with the largest price increase in April

(STACKER) – Inflation rose 0.3% in April and 8.3% year over year, according to April Consumer Price Index data from the Bureau of Labor. Statistics published on Wednesday May 11. The most recent numbers represent a modest reprieve from the staggering 1.2 in March. % increase month over month.

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

Despite the general slowing pace of headline inflation, the cost of groceries alone has risen 10.8% since April 2021, the largest 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 largest 12-month increase since 1979.

Get daily news, weather, breaking news and sports alerts straight to your inbox! Sign up for abc27 newsletters here.

Looking more recently, April marked a 1% month-over-month increase in food-at-home prices. Although this is down from the 1.5% gain recorded in March, it is still the 17th consecutive month that the cost of food, overall, has increased.

Fresh fruit was the only major food category to see a price drop, down 0.5% from the previous month.

Rising labor and operating costs drive up prices

Dairy prices rose 2.5% in April, marking the largest monthly increase in 15 years.

A slow rebound from pandemic-related supply chain disruption and higher costs of necessary operational expenses like grain for cows and fuel for equipment are contributing to higher dairy prices.

Meat prices were also affected by rising labor costs, commodity prices and growing consumer demand.

The Egg Index rose 10.3%, or nearly 50 cents, in April as many commercial poultry farms across the country slaughtered tens of millions of chickens amid a highly outbreak of avian flu. contagious.

World events continue to impact low cost staples

The average supplemental nutritional assistance program benefit per person is approximately $121 per month, or less than $1.40 per meal for an individual. Although these benefits are intended to help offset certain financial charges at the grocery store, they are not adjusted for monthly changes in inflation.

Even slight changes in the price of historically inexpensive items can have a significant impact on budget-conscious consumers as inflation rises.

Commodities, including wheat, flour and chicken, are not immune to price fluctuations caused by war. Vulnerable populations will feel the impacts on their grocery bills.

Chicken feed costs were hit by Russia’s war in Ukraine; the ingredients, including sunflower flour and wheat, are mainly produced by Russia and Ukraine. These increases were passed on to consumers through higher poultry costs.

Leave a Comment

Your email address will not be published.