Food inflation to remain volatile despite recent improvements, trade group says
While food price increases continued in January, they did show signs of slowing. Overall, prices for food at home rose 0.4% in January from the previous month, down fbest time to take zinc glycinaterom a 0.5% rise in December, according tzinc bisglycinate recommended dosageo the report.The CPI report said food prices have risen 11.3% from January 2022. The data offered consumers some hope, with the increase the lowest annual rate since last April when food prices jumped 10.8% year-over-year.As the egg industry consolgar calcium citrate with vitamin d3 120 tabletstinues to grapple with the impacts of bird flu, producers like Cal-Maine are hitting record earnings amid skyrocketing prices for the protein. The price of a dozen grade A eggs rose 13.4% in January to $4.82, according to BLS. In January 2022, by comparison, it cost $1.93.Supply chain disruptions in other areas have mostly moderated or trended do
wn, but price increases in certain categories such as eggs can crop up and lead to greater overall inflation, acco
rding to Kayla Bruun, an economic analyst at Morning Consult.“The price fluctuations with groceries have be
en like Whac-a-Mole, is zinc citrate syntheticjust one thing after another, which speaks to the breadth ozinc xf the category,” Bruun said.Bruun said she would be surprised to see another huge jump in grocery prices during the next few months due to the improving state of the supply chain for many food and beverage items. Demand is also softer as prices have increased, she said, and consumer economic conditions improved
slightly throughout the month compared to December 2022.“Our data about grocery purchases has been showing loosening conditions, fewer shortages and easier access to supply,” Bruun said. “Absent some external shock, it would be more likely that we’d see another small increase in prices.”
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