BELOW SUPERNAV drop zone ⇩

Shoppers learn to cope with fluctuating food prices

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — Although milk prices dropped $0.7 after three straight weeks of going up, the price point is still up 17% from a year ago. Overall, eggs are still near the $4 mark for a dozen and bread $3.31 a loaf, while milk is up a whopping $4.29 from last year.

Overall, shoppers are now paying 11% more at the grocery store compared to last year and some analysts believe prices will still go up.

The trend highlights market fluctuations for everyday food items with which consumers are learning to cope.

“Mayo, condiments, things like that — I’m like, this shouldn’t have to cost this much. Even things like drinks, sodas, things like that. This shouldn’t have to be $7. Why?” said Chidimma Igboakaeze, Instacart shopper.

Today, the ribeye steak was on sale for $17 a pound. A 6-pound whole chicken costs well over $14 and these meat prices are actually an improvement.

“They’re actually a touch lower, and this is the lowest price in a year. But they’re still at a really high level from what we’re used to,” David Anderson, an agricultural economist and professor at Texas A&M University, said Tuesday on NewsNation’s “Rush Hour.” 

Anderson said the price drop — new federal data confirms beef, veal, fish, seafood and poultry prices were down by 3% last month — is partly due to the culling of herds because of heat and drought.

But dairy products are up by 16%, produce by 8%, grain products by 16%, and eggs are up by a massive 40%.

 “That’s got to be about the highest price ever monthly for egg prices,” said Anderson, who attributed the high egg prices to skyrocketing livestock feed costs.  

Agriculture experts are tracking the impact of high prices on consumer demand. It’s estimated that about three-quarters of all shoppers have already changed their habits.

“So some are buying the same item — think branded cut item that’s your favorite — just buying less often or in a lower volume. Some are switching the cut. So, instead of buying a ribeye steak, they’re buying a sirloin, or maybe instead of buying a pork chop, they’re buying a ham,” Glynn Tonsor, an agriculture economist at Kansas State University, said Tuesday. 

A new threat that could push consumer prices even higher is a potential rail strike. That and overall inflation will likely have an impact on holiday dinners in the months ahead.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

48°F Clear Feels like 48°
Wind
1 mph NNW
Humidity
52%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 47F. Winds light and variable.
47°F Clear to partly cloudy. Low 47F. Winds light and variable.
Wind
2 mph N
Precip
6%
Sunset
Moon Phase
Waning Gibbous