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So while the latest 2.2% annual food inflation rate for March 2024 seems more manageable, it doesn’t negate the cumulative 25.8% increase in grocery prices since that November 2020 election.
Here’s how inflation has affected prices, and how some goods cost older generations more. Are things really more expensive these days? Compare prices and inflation to 50 years ago
Grocery price inflation has come a long way since hitting 13.5% in the summer of 2022, but January saw a notable jump with prices up 1.9% from the same month last year, up from 1.2% in January 2024.
Supermarket prices were 3.3% higher than a year ago in January, down from December’s jump to 3.7%, Kantar said. ... Meanwhile, the average shopper spent more than 10% of their grocery bill in ...
Still, grocery prices are higher than they were a year ago. In the 12 months through April, prices rose 1.1%. But overall inflation for that period was higher, up 3.4%.
Study shows average fast food prices have increased 39 to 100% since 2014, outpacing inflation. ... compared today's popular fast-food menu items prices versus what the cost was 10 years ago.
With the current inflation rate, things that cost a dollar 50 years ago would approximate cost $7.03 today. ... The USDA predicts grocery prices to increase between 10-11% in 2022, ...
NBC News is monitoring the average point-of-sale price for eggs, chicken, bread, ground beef and other common grocery items, along with how much those prices have changed since December 2023.