The Consumer Price Index released today shows the price of eggs is climbing again as producers scramble to contain a highly contagious outbreak of avian flu that the US Department of Agriculture estimates has infected more than 50 flocks in the last 30...
Cash strapped British consumers are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money.
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
The price of Cereals and Bakery Products jumped 11.6% year-over-year, marking the biggest jump since July of 1981, likely impacted by the soaring prices of fats and oils, up 16.9% compared to a year ago, with butter and margarine up 20.2%.
