Food Inflation Weighs on US Households as Prices Soar in October

Food Inflation Weighs on US Households as Prices Soar in October
Meat is shown in a grocery store in Toronto on Nov. 30, 2018. The Canadian Press/Nathan Denette
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The U.S. annual inflation rate surged in October at its fastest pace in 31 years, driven by skyrocketing food and energy prices. Staples found in kitchens across the country were more expensive, weighing on families’ monthly or weekly grocery budgets.

On the protein front, beef and veal prices increased 20.1 percent year-over-year. Pork cost 14.1 percent more, while ham prices rose 7.1 percent. The cost of chicken jumped by 8.8 percent; fish and seafood by 7.5 percent; and eggs by 11.6 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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