Minneapolis
CNN
—
Eggs, milk, butter, flour … should you had been making pancakes final 12 months, it could have price you. Food costs surged in 2022.
Grocery costs stay stubbornly excessive (and practically double the speed of total inflation) at 11.8% 12 months over 12 months, based on information launched Thursday by the Bureau of Labor Statistics.
Blame Russia, the climate, illness and a number of different elements.
“Even though we’re seeing inflationary pressures ease, we still have a war in Ukraine,” stated Tom Bailey, senior client meals analyst with Rabobank. “Fertilizer costs have improved, but they still remain very high. Energy costs have improved, but they still remain relatively high. Labor costs still remain a problem — and the list goes on.”
Weather and illness are closely affecting sure merchandise’ costs, too – and none have been extra rotten than egg costs:…
2023-01-13 06:47:57 Egg costs exploded 60% greater final 12 months. These meals costs surged too
Source from www.cnn.com