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Story summary
- Grocery store prices rose 0.7% in April, the biggest monthly gain in four years.
- Food-at-home costs jumped 2.9% in April, strongest rise since August 2023, veg up 44% and coffee up 22%.
- Diesel fuel rose 61%, prompting Sparrow Market vendors in Ann Arbor, Michigan, to add surcharges.
- Card spending rose 4.8% in April, with lower-income families cutting discretionary purchases, higher-income families keeping spending, and inflation (3.8%) outpacing wage growth (3.6%).
