That gas price drop may not trim your grocery bill just yet
Lower pump prices offer brief relief, but rising grain and fertilizer costs mean your supermarket tab stays high.
By Foodie Pundit Newsroom - Published - Updated - Section: Grocery Cpg
Key points
- Gasoline prices dropped 1.8 percent in early August.
- Producer prices for fertilizer and grains climbed 2.9 and 6.2 percent, respectively, in July.
- Global pork prices rose slightly in June while poultry and coffee prices fell.
- The rising cost of key farm inputs could offset savings from lower fuel prices, keeping grocery bills high.
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