If you're exhausted by high grocery prices, you're not alone. Overall, food prices have surged 31% since 2019. While inflation has steadied somewhat, rising 2.4% year-over-year in June, that really only means your already-high grocery bill is getting higher — just at a slower pace.
When you zoom in on specific items, the story is more complicated. Overall food inflation might be dipping closer to the Federal Reserve's 2% target, but certain goods are still seeing double-digit inflation. According to the latest CPI data from the Bureau of Labor Statistics, egg prices are up 27.3% year-over-year, while coffee and ground beef are up 16.3% and 10.3%, respectively.
