Spike in Egg, Lettuce Prices Shows Supermarket Prices Still Weigh on Budgets

Spike in Egg, Lettuce Prices Shows Supermarket Prices Still Weigh on Budgets
A shopper reads an egg purchase limit sign at a grocery store in Irvine, Calif., on Jan. 11, 2023. John Fredricks/The Epoch Times
Andrew Moran
Updated:
0:00
The U.S. annual food inflation rate slowed to a seven-month low of 10.4 percent in December 2022, down from 10.6 percent in November 2022, according to the Bureau of Labor Statistics (BLS). Similar to prior months, food prices rose at a faster rate than overall inflation (6.5 percent).

Household grocery budgets still face tremendous pressure as supermarket prices remained elevated at 11.8 percent, and rose 0.2 percent month over month.

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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