You Paid More For Groceries In May As Meat Got More Expensive!


FRANCE-AGRICULTURE-INDUSTRY-CONSUMER-MEAT

FRANCE-AGRICULTURE-INDUSTRY-CONSUMER-MEAT

Consumers paid more for their groceries last month as meat continues to get more expensive.

The prices of food consumed at home rose 1% in May from April even asoverall prices declined 0.1%, according to seasonally-adjusted figures from the Bureau of Labor Statistics. The increase was driven mainly by a 3.7% increase in meat, poultry, fish and eggs.

Beef and veal got a lot more expensive in particular: Consumers paid nearly 11% more in May, the largest ever monthly increase.

The price increase for certain types of meat was even more dramatic: uncooked beef roasts soared 19.5%, and uncooked beef steak prices jumped 11.6%. Read more here>>>https://www.cnn.com/2020/06/10/business/grocery-meat-prices-rising/index.html

Source: CNN.com

Photo: Getty

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