Food Inflation in America by Product: It Boils down to a Sharp Acceleration on Top of Already Very High Prices

Prices of food and beverages purchased at stores and markets jumped by 0.7% in April from March, the worst month-to-month jump since August 2022 during the period of red-hot food inflation. And it pushed the year-over-year increase to 2.9%, the worst since August 2023, according to the Consumer Price Index.