Grocery prices are rising as beef, coffee hit record highs
About half of all Americans say the cost of groceries is a major source of stress in their life and the latest inflation data shows that pressure isn't easing.
Grocery prices rose 0.6 percent from July to August, the steepest one-month gain in roughly three years, according to the Consumer Price Index. They're now 2.7 percent higher than a year ago and up nearly 30 percent from before the pandemic.
Grocery inflation has cooled considerably since the summer of 2022, when it peaked above 13 percent year-over-year, but President Trump's tariffs and tighter immigration rules are clouding the outlook.
So far, Trump's trade policies haven't pushed up consumer prices as much as many economists feared, but some items including coffee are starting to feel the grind.
Coffee prices surged 3.6 percent in August, the biggest monthly jump since 2011, leaving them 20.9% higher than a year ago. Recent droughts in Brazil and Vietnam explain part of the increase, but the latest spike comes on the heels of Trump's © The Hill
