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Grocery prices in the U.S. soared faster in April than any month in nearly four years, driving up the cost of everything from frankfurters to tomatoes to cupcakes, according to government data.
Fresh vegetables cost 11.5% more than they did a year ago. Seafood prices are up 6.2% over that time, according to the data from the Bureau of Labor Statistics (BLS).
The jump in food prices stems in part from a historic oil shock set off by the Iran war, which increased diesel costs, some analysts told ABC News. Diesel is the lifeblood of the food supply chain, fueling trucks and ships. Higher fuel costs for suppliers mean price hikes in grocery aisles as the increased costs are passed down the supply chain.
Tariffs and weather-related shortages, analysts added, helped push up prices for some food items, worsening the strain on shoppers’ wallets.
“Whenever there is disruption in energy markets, it works its way into food prices eventually,” Parke Wilde, a food economist at Tufts University, told ABC News. “I think that’s what we’re seeing.”
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