New York CNN —Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices.
Uncooked beef steaks prices rose 2.3% and uncooked ground beef rose 1.5%.
Tyson (TSN) reported that while its prices for pork and chicken were down in the quarter ending in July, beef prices went up.
Altogether, grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices — but not by much.
What’s going on with menu pricesIn the month of July, menu prices rose a tiny bit, just 0.2%.
Persons:
Joe Raedle, ”, Donnie King, Tyson, Bread, Rice, Sweets, Milk, WEN, Papa Johns, Rob Lynch, “, we’ve, I’ve, Lynch
Organizations:
New, New York CNN, Bureau of Labor Statistics, TSN, USDA, Burger, Papa Johns
Locations:
New York