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Meat prices continue to move higher. The meats, poultry, fish, and eggs category overall was up 3.2% from a year ago. Top price growers include uncooked beef roasts, up 6.7%, and frankfurters, up 11%.
This is The Takeaway from today's ... are both up roughly 2%. Hormel is down 4%. The S&P ... Vice President Kamala Harris has vowed to tackle price gouging by Big Food if she wins the White House ...
Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices.
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The Agriculture Department has said it expects beef prices to climb 1 percent to 2 percent this year, poultry as much as 1.5 percent and pork 2 percent to 3 percent.
Egg prices, which are historically volatile, contributed to the stubborn grocery inflation. The item saw a 30.4% year-over-year increase but a 6.4% decline month over month, the largest since April.
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