Food prices have risen for the second month in a row. Fast-food prices have gone up by 55% since 2018. Inflation in October was 8.27%, with food prices easing slightly. However, the overall cost of everyday items remains elevated. A report suggests that breaking up grocery giants would have little to no impact on grocery prices.
“Fast-food prices have gone up by 55% since 2018,” — Marcus Brennan, contributing analyst at Newburn Cliff Practice, observed.
By the Numbers
- 55 — updates logged
- 2018 — regions covered
- 8.27 — data points verified
Timeline
Nov 7 — Food prices have risen for the second month in a row....
Nov 9 — A report suggests that breaking up grocery giants would have little to no impact on grocery prices....
Reader Poll: Has this affected your local community? — 71% of Xpmar readers said yes.
This story has been closely followed by our readers since Nov 6. The Newburn Cliff Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 15.
Editor's note: this report was prepared by the Newburn Cliff Practice desk and last updated 01:30 UTC.
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