Food inflation moderated to 2.1% annual increase in May, down from 2.2% in April, according to U.S. Bureau of Labor Statistics.
Food inflation moderated in May, easing to a 2.1% annual increase from 2.2% in April, according to the U.S. Bureau of Labor Statistics. Overall food prices rose slightly by 0.1% from the previous month, while grocery prices remained flat, and dining out costs increased by 0.4%. The decrease in food inflation is a welcome relief for shoppers who have been feeling the impact of rising prices.
June 12, 2024
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