Food costs jumped last month, and it is not just eggs that are taking a bigger bite out of your pocket.
Yesterday’s CPI report showed the cost of cooking meals at home jumped half a percent last month. On the year, grocery prices are up just shy of two percent.
Eggs have been more expensive recently, but meats also saw a jump. Bacon now costs four percent more than last month and is up six percent on the year. Beef also saw a rise, gaining five-and-a-half percent on the year.
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With core input inflation still hovering high, growers and retailers should plan pricing and promotions with tighter margins in mind — target early sales, leverage bundle deals, and secure logistics ahead of peak Halloween demand.
Prepare for softer milk checks into winter, watch cull-cow values and timing, and stress-test cash flow as product prices recalibrate.
