Inflation is easing, but the prices of these groceries are expected to soar in 2023, including one item that rose by nearly 60% in December

Inflation is easing, but the prices of these groceries are expected to soar in 2023, including one item that rose by nearly 60% in December

ByCitiGist

General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve’s control. The Consumer Price Index cooled in December, falling to 6.5% year-over-year from 7.1% in November, according to government data. Still, food inflation rose by 10.4% in December compared…

A dozen eggs cost 38% more than a year ago — due to avian flu, the war in Ukraine, a rise in farming costs, and more.

A dozen eggs cost 38% more than a year ago — due to avian flu, the war in Ukraine, a rise in farming costs, and more.

ByCitiGist

Why are eggs so expensive now?  Grocery prices continued to soar in July despite slower inflation overall, and eggs were among the foods experiencing the biggest increases. The average price of a dozen large, Grade A eggs was $2.94 in July, up 38% from the same period last year at $1.64, according to the U.S….