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Grocery prices are going back up -- here's what to know Analytics Table
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The war in Iran is now hitting closer to home, right at the grocery store. Globally, food prices are up nearly 2.5% since March. Sugar up 7%, vegetable oil up 5%, wheat up 4%, and both dairy and beef are climbing too. In the Midwest, grocery prices have risen more than 31% since January 2020, according to the Bureau of Labor Statistics. And it is not getting up. The USDA predicts grocery prices will rise another 3.1% this year, and beef alone could be up more than 10%. Michael Greiner from the Oakland University School of Business joined Local 4 Live to talk more about grocery prices.Ā Welcome to the official YouTube channel of WDIV Local 4 News in Detroit! Expect more coverage of Southeast Michigan and surrounding communities with breaking news, weather, original reporting, investigations, and local sports.Ā Weāre proud to be part of the Metro Detroit community. Watch more from Local 4 on YouTube: https://www.youtube.com/@ClickOnDetroitLocal4WDIV/videos š° More news stories: https://www.clickondetroit.com/ ā¶ļø Watch Local 4 News live: https://www.clickondetroit.com/live/ š© Sign up for Local 4 newsletters: https://www.clickondetroit.com/account/newsletters/
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