Eggs, milk and other grocery prices fall, as overall inflation eases
==========
In April 2024, consumer prices were up 3.4% from a year ago, a smaller annual increase than the previous month. The cost of living rose 0.3% between March and April. Grocery prices fell, including a 0.8% drop in milk prices and a 7.3% decline in egg prices. 'Core' inflation, which excludes volatile food and energy prices, was 3.6% in April, the lowest reading in three years. The Federal Reserve may be able to start cutting interest rates later this year if inflation continues to moderate. Retail sales were flat in April, with spending at gas stations rising 3.1%. Some consumers are maxed out, with nearly one in five credit card users reaching their credit limit. The Federal Reserve is opening the door to possible interest rate hikes earlier next year due to high inflation.
#Inflation #ConsumerPrices #GroceryPrices #FederalReserve
https://www.npr.org/2024/05/15/1251545285/eggs-milk-and-other-grocery-prices-fall-as-overall-inflation-eases
NPR /
npub1ul…6wmv3
2024-05-15 18:14:16
Author Public Key
npub1ulz3svknlcugdne49enhvn78h9xra297m7mx244hs85pfs9r7k4sq6wmv3Published at
2024-05-15 18:14:16Event JSON
{
"id": "a784d3149d56c3d94fa22c84e94f572243669cd40adff5e412218ebcc66fc256",
"pubkey": "e7c51832d3fe3886cf352e67764fc7b94c3ea8bedfb66556b781e814c0a3f5ab",
"created_at": 1715796856,
"kind": 1,
"tags": [],
"content": "Eggs, milk and other grocery prices fall, as overall inflation eases\n==========\n\nIn April 2024, consumer prices were up 3.4% from a year ago, a smaller annual increase than the previous month. The cost of living rose 0.3% between March and April. Grocery prices fell, including a 0.8% drop in milk prices and a 7.3% decline in egg prices. 'Core' inflation, which excludes volatile food and energy prices, was 3.6% in April, the lowest reading in three years. The Federal Reserve may be able to start cutting interest rates later this year if inflation continues to moderate. Retail sales were flat in April, with spending at gas stations rising 3.1%. Some consumers are maxed out, with nearly one in five credit card users reaching their credit limit. The Federal Reserve is opening the door to possible interest rate hikes earlier next year due to high inflation.\n\n#Inflation #ConsumerPrices #GroceryPrices #FederalReserve\n\nhttps://www.npr.org/2024/05/15/1251545285/eggs-milk-and-other-grocery-prices-fall-as-overall-inflation-eases",
"sig": "0b01a177cabb30b44027a865cc5ba285bdf37103f50c8a28a5919bcb96e7360a48466c663dff4b9adfbe9fdd5b914a479f0d86ee29820f10ba9daf7ae8fc7425"
}