US agency reports drop in food prices

The cost of groceries decreased in March, falling for the first time since September 2020, according to new data released by the Bureau of Labor Statistics (BLS, a US agency). The drop was a bright spot in the US government’s aim to lower inflation (rise in the cost of goods and services). What food prices changed? The cost of foods in many categories dropped, and some had steeper declines than others. The price of eggs decreased by 11%, fruits and vegetables dropped by 1.3%, and dairy products dipped by 0.1%. Other foods cost slightly more, such as cereals and bakery products, which rose by 0.6%. Eating at restaurants continued to cost more, with prices increasing 0.6%. What else happened? The rise in inflation decreased in March for the ninth straight…

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The Week Junior US (Digital) - 1 Issue, Issue 158

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