Inflation rate dips to 3.2% but it’s still bad news for shoppers with no relief in food prices for bread, milk and eggs

GROCERY prices have moderately hiked in the past month, further increasing pressures on millions of Americans.

October’s Consumer Price Index (CPI) showed prices rose at 3.2%, the biggest cooldown since July and a moderation from September’s 3.7%.

Grocery price hikes cooled moderately in October


Grocery price hikes cooled moderately in OctoberCredit: Getty

However, American consumers spent 0.3% more on food last month.

Prices for some food segments – namely fish, eggs and poultry – rose 0.7% in the past month.

Beef and pork also rose 1.2% and 1.3%, respectively.

Food away from home, mostly related to restaurant pricing, also rose 0.4%.

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