Source: Grocery Dive

The inflation-centered narrative that has defined the economy since late last year took an attention-grabbing turn this week, as figures released by the federal government showed food prices accelerated at an even faster pace in July even as overall inflation calmed.

Refrigerated eggs, frozen meals, and butter and margarine are leading the way in driving prices higher, with prices in all three of those key categories rising at least 3% on a monthly basis in July, according to IRI. Prices for other foods, fresh citrus fruit, bacon and ice cream, came down last month compared with June, but remain sharply higher than they were a year ago.

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