Overview
- The four-week moving average for food inflation reached 3.7%, the highest since mid-April, according to LCG’s weekly survey.
- Beef prices rose 5.9% over the four-week period and accounted for 1.84 percentage points of the overall food increase.
- In the latest week, dairy and eggs climbed 1.6%, fruits 1.4%, beverages 1.0% and meats 0.8%, while oils and vegetables fell 0.9% and 0.7%, respectively.
- LCG estimates that meats and dairy explain roughly two-thirds of the category’s weekly inflation, underscoring the heavy weight of protein prices.
- Early December readings run counter to the government’s goal of a sub‑2% monthly pace, as industry data from CAMyA show meat up about 30% over three months.