The August inflation data overlaps with President Trump’s latest round of tariffs on major U.S. trading partners. But while the direct impact is up for debate, beef’s surge suggests tariffs may already be filtering into consumer prices.
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🥩 U.S. Beef Prices Hit Record Highs — Tariffs on Brazil Could Push Them Even Higher
The burgers, stews, and chili on your menu might get pricier. U.S. beef prices have reached record highs amid inflation pressures, supply shortages, and new tariffs on Brazilian imports. With the U.S. cattle inventory at its lowest since 1951 and Brazil facing steep tariff hikes, beef prices may climb even higher in 2025.
U.S. inflation drops to 2.4% as egg prices peaked at $6.23 per doz. in March
U.S. inflation dropped to 2.4% in March as consumer prices fell slightly, easing from 2.8% in February. The dip comes amid new tariffs from President Trump and ongoing Fed caution on interest rate cuts. Food prices, however, continued to rise—egg prices surged 60.4% year-over-year.
How climate change and avian flu could spike egg prices in 2025
A widespread outbreak of H5N1 is disrupting the egg supply and causing egg prices to rise again. And climate change is partly to be blamed.