Food Prices

Jerónimo Martins' Second-Quarter Profit Falls 28% On Lower Margins

Jerónimo Martins posted a larger-than-expected 28% drop in second-quarter net profit, as a decline in margins from food price deflation offset...

World Food Prices Hold Firm In June, UN Food Agency Says

The United Nations world food price index held steady in June data showed, with increases in vegetable oil, sugar and dairy products offset by a fall in th...

Kroger Beats First-Quarter Estimates On Steady Grocery Demand

Kroger beat Wall Street estimates for quarterly same-store sales and profit, benefiting from more customers thronging its outlets for lower-priced grocerie...

'Eating Is A Luxury': Argentina Inflation Falls But Shoppers Still Feel Squeezed

Argentina's monthly inflation rate in May was likely the lowest since 2022 amid a tough austerity drive by libertarian President Javier Milei, bu...

US Consumer Prices Unchanged In May As Inflation Pressures Abate

US consumer prices were unexpectedly unchanged in May as cheaper gasoline offset higher costs for rental housing but inflation likely remains too high for...

Uphill Road For Europe's Climate Plan After EU Election

A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe's current world-leading...

Main Farming Groups Shun Brussels Protest Against EU Green Policies

Farmers drove hundreds of tractors into Brussels to protest against the European Union's environmental policies, but the action was shunned by mainstream f...

Target To Cut Prices Of 5,000 Items To Attract More Shoppers

Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said,...