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Prices in restaurants are rising across the spectrum, from top-notch eateries to fast food chain Wendy's, which has raised the price of its quarter pound burger by 4-8 cents in the past year.
Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data from the Bureau of Labor Statistics. Pork chops were up too, by 4.6%.
The annual rate of grocery price inflation is the highest since this time last year; however, it’s a far cry from 2022 when it averaged 11.4% and peaked at 13.5% — well above overall inflation ...
The Food and Agriculture Organization (FAO) Food Price Index 1961–2021 in nominal and real terms. The Real Price Index is the Nominal Price Index deflated by the World Bank Manufactures Unit Value Index (MUV). Years 2014–2016 is 100. Food prices refer to the average price level for food across countries, regions and on a global scale. [1]
Meat prices began to rise in late 1972. The Consumer price index published by the U.S. Bureau of Labor Statistics attributed this price increase to poor weather conditions, which increased the price for grain and animal feed, rising domestic demand, and unusually high export demand for pork due to the dollar devaluation in mid-February. [2]
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%.
The Food and Agriculture Organization (FAO) Food Price Index 1961–2024 in nominal and real terms. Years 2014–2016 is 100. The FAO Food Price Index (FFPI) is a food price index by the Food and Agriculture Organization (FAO) of the United Nations. It records the development of world market prices of 24 agricultural commodities and foodstuffs ...
Produce items experienced similar price hikes, with fruits and vegetables increasing 0.9% while meat, poultry, fish and egg prices went up 0.3%. A man picks up his food from a vendor in Venice ...