Grocery Prices Surge, Wages Stagnate

Grocery prices surged in April, with the biggest one-month increase in nearly four years, driven by soaring energy costs due to the war with Iran. Meats, poultry, fish, and eggs led the rise, with beef alone up 2.7%. Fruits, veggies, drinks, and dairy also saw increases. Farmers are feeling the pinch, with a Georgia cattle rancher reporting a 20% jump in retail beef prices in just two years. Energy costs also surged, with gasoline up 28.4% year over year. Wages took a hit, with real hourly earnings down 0.5% monthly and lagging last year for the first time in three years, adding to the squeeze on middle-class budgets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3c5c43437a94d123