Event overview
Grocery prices jumped more in April than they had in nearly four years
After warnings that the Iran war would drive up U.S. food prices, new data shows that “Food at home,” otherwise known as grocery bills, rose 0.7% in April. This cluster currently includes 2 articles from 2 sources.
This cluster currently includes 2 articles from 2 sources. Sources in this event include NBC News, Al Jazeera.
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US faces rising costs with Iran war driving energy prices, inflation higher
United States consumer prices have risen for the second consecutive month, marking the biggest annual increase in almost three years, as energy prices surged on the back of the US-Israel war on Iran. US consumer prices rose by 0.6 percent in April after a 0.9 percent increase in March, according to the Bureau of Labor.
Grocery prices jumped more in April than they had in nearly four years
After weeks of warnings that the Iran war would drive up U.S. food prices, the numbers are finally in: According to data released Tuesday by the Bureau of Labor Statistics, the category it calls “food at home,” otherwise known as your grocery store bill, rose 0.7% in April. That increase marked the biggest one-month.