TAMPA, Fla. (NewsNation) — About half of all Americans say the cost of groceries is a major source of stress in their life and the latest inflation data shows that pressure isn't easing.
Grocery prices rose 0.6% from July to August, the steepest one-month gain in roughly three years, according to the Consumer Price Index. They're now 2.7% higher than a year ago and up nearly 30% from before the pandemic.
Grocery inflation has cooled considerably since the summer of 2022, when it peaked above 13% year-over-year, but President Donald Trump's tariffs and tighter immigration rules are clouding the outlook.
So far, Trump's trade policies haven't pushed up consumer prices as much as many economists feared, but some items including coffee are starting to feel the grind.
Coffee prices surged 3