Beautiful Virgin Islands

Monday, Aug 04, 2025

Eggs, coffee and air fares hit by biggest price rises as inflation reaches a 41-year high

Eggs, coffee and air fares hit by biggest price rises as inflation reaches a 41-year high

The price of eggs has jumped by more a third in the past year, while coffee is up 29% – far more than the average rate of inflation.
As inflation hit a 41-year high of 8.6% in May, some items are feeling the heat more than others, with the cost of eggs, air travel and coffee all soaring.

A further rise last month after a dip in April dashed hoped that increases had peaked.

Consumer Prices Index (CPI) data from the Bureau for Labor Statistics show some items have increased by more than 50% in the last year.

Products using gasoline have had the fastest price rises in the past year, tied to tight energy supplies as prices at the pump reach historic levels, with unleaded gas up by half since May 2021.

But some everyday essentials, particularly some breakfast favorites, have also increased by much more than the 8.6% average, underlining the strain on consumers' wallets.

The price of eggs rose 36.2% in the last year, instant coffee increased by 28.9%, while the price of margarine has gone up by 25.4%.

Meanwhile, air fares are up by 38.8% in the past 12 months as rising demand for travel combines with high fuel costs and labor shortages.

Retailers including Target and Walmart are dealing with too much stock, which are expected to lead to discounting. However, both still expect to pass rising costs onto customers.

Other companies also plan to raise prices to combat their own higher costs. In a memo to retailers seen by The Wall Street Journal, Kraft Heinz's chief sales officer Cory Onell said rising costs would force further price hikes for its products.

McDonald's head of international business, Ian Borden, said at an investor conference that the fast-food chain was studying the impact of price rises in stores and their effects on consumer demand.

Yet some items have become cheaper in the past year. The average price of televisions fell by more than 10%, while the price of smartphones is down by more than 20%.

The Federal Reserve is raising interest rates in a bid to combat inflation, but some economists fear the economy will be pushed into a recession or suffer from stagflation as a result.

The force of inflationary effects has also varied across the US. In Tampa, rises jumped by an average of 11.3% in May, compared with just 6.3% in New York.

A Florida economist told Insider in May this was largely due to high demand for housing in Tampa, with house sales accounting for 40% of the inflation measure, as well as transport, with Floridians more dependent on car travel than areas like New York.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
Tesla Seeks Shareholder Approval for $29 Billion Compensation Package for Elon Musk
Nvidia is cutting prices on its RTX 50-series graphics cards after sales slowed and inventories piled up
Ghislaine Maxwell Transferred to Minimum-Security Prison Amid Ongoing DOJ Discussions
U.S. Tariffs Surge to Highest Levels in Nearly a Century Under Second Trump Term
Matt Taibbi Slams Media for Role in Russiagate Narrative
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
×