Food price hikes are no longer outpacing overall inflation ...Middle East

By Alicia Wallace, CNN New York (CNN) — For the first time since early last year, food prices aren’t rising faster than overall inflation — although dining out remains a pricey endeavor. The latest Consumer Price Index released Tuesday showed that food prices increased 2.9% for the year ended in November, coming in below the headline inflation rate of 3.1%, according to Bureau of Labor Statistics data. It’s the first time since January 2022 that the food index did not outpace the overall CPI. You can thank grocery prices for that: They went up 0.1% from October to bring their annual inflation rate to a mere 1.7%, the lowest since June 2021. “The acute pressure that was on the food

Hence then, the article about food price hikes are no longer outpacing overall inflation was published today ( Tuesday 12/12/2023 - 09:24 PM ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Food price hikes are no longer outpacing overall inflation )

Also on site :

• 'Euphoria' Shows Sydney Sweeney Masturbating and Topless on OnlyFans
• Kevin Hart Roast: Comedian Ends Katt Williams Beef as The Rock, Teyana Taylor and More Cracks Jokes About Hart’s Height and Filmography
• Millions of 'pandemic pets' are reaching midlife, but owners could miss a crucial opportunity to improve their pet's healthspan