The price of groceries rose 4.7% on the year in June.   The annual rate of inflation was 3%.

Trump has told Walmart, $WMT, to 'eat the tariffs' instead of raising prices

Moody’s downgrades US credit rating to Aa1 from Aaa

YouTube, GOOGL, viewers will start seeing ads after ‘peak’ moments in videos

CEOs say that just a fraction of AI initiatives are actually delivering the return on investment they expected

During June, grocery prices demonstrated stability following a slight uptick in May, which could bring some relief to consumers. Meanwhile, menu prices experienced a 0.4% increase, maintaining a mild upward trajectory over recent months.Collectively, food prices encountered a 0.1% rise for the month, as per the latest Consumer Price Index released on Wednesday by the Bureau of Labor Statistics. This increase is less substantial compared to the overall 0.2% uptick observed from May to June. However, it's worth noting that food prices have shown greater escalation over the past year compared to the general inflation rate.Over the 12-month period leading up to June, food prices underwent a 5.7% surge, while overall inflation stood at 3%. During this period, grocery store prices saw a 4.7% growth, whereas menu prices climbed by 7.7%.