Story perspectives

Record Food Prices Surge Amid Rising Inflation and Energy Costs

7/19/2025

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Summary

Story summary

Chicken and ground beef prices soared to record highs in June, with beef increasing nearly 14% year-over-year.
Electricity costs hit 19 cents per kilowatt-hour, the highest in over 45 years, affecting consumer bills.
Inflation rose by 2.7% compared to last year, primarily due to tariffs from the Trump administration.
Egg prices fell 17% month-over-month, linked to a decrease in bird flu cases.
Natural gas prices remain elevated at a two-year high, averaging $1.65 per therm.

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Story summary

Chicken and ground beef prices soared to record highs in June, with beef increasing nearly 14% year-over-year.
Electricity costs hit 19 cents per kilowatt-hour, the highest in over 45 years, affecting consumer bills.
Inflation rose by 2.7% compared to last year, primarily due to tariffs from the Trump administration.
Egg prices fell 17% month-over-month, linked to a decrease in bird flu cases.
Natural gas prices remain elevated at a two-year high, averaging $1.65 per therm.