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%.
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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