00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Grocery prices rose at the fastest monthly pace in three years in December,
00:07adding pressure on household budgets as overall inflation held steady, according to Axios.
00:12The Bureau of Labor Statistics said food at home prices rose 0.7% for the month,
00:17the largest increase since August 2022, while food away from home rose by a similar amount.
00:23Grocery prices were up about 2.4% from a year earlier, with double-digit gains for items such
00:28as coffee, beef, and candy.
00:30Banana prices fell after Trump rolled back tariffs, while egg prices declined more than
00:3520% year over year.
00:37The Consumer Price Index rose 2.7% annually, and core inflation rose 2.6%.
00:42Consumer sentiment remains low.
00:44For all things money, visit Benzinga.com.
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