Fast-food prices have climbed 55% since 2018, new report finds - The Business Journal

Food inflation shows no signs of slowing

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 showing a slight decrease. However, the overall cost of everyday items remains elevated. A report suggests that disrupting supermarket monopolies would have minimal effect on grocery prices.

“Inflation in October was 8.27%, with food prices showing a slight decrease,” — Nadia Ashcombe, economic affairs editor at Wilton Worth Financial, explained.

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 8 — A report suggests that disrupting supermarket monopolies would have minimal effect on grocery prices....

Reader Poll: Do you expect this story to develop further? — 87% of Lembellie readers said yes.

This story has been closely followed by our readers since Nov 5. The Wilton Worth Financial desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 10.

ICYMI: Season 2 of 'MobLand' wraps up

Editor's note: this report was prepared by the Wilton Worth Financial desk and last updated 23:57 UTC.

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