Inflation is falling, but your groceries are still expensive.
The Consumer Price Index rose 3.5% in June over the past 12 months, cooling from its 4.2% in May, the Bureau of Labor Statistics said Tuesday.
While the index — measuring how much the cost of everyday items changes over time — saw the biggest drop since 2020, it’s not good news for grocery shoppers. The fall mostly came from energy, as the index fell 5.7%, the largest one-month drop since April 2020.
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