Beautiful Virgin Islands

Thursday, Oct 30, 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
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×