Good news for food prices as they decline but bird flu is taking a toll on egg prices. And if you think price gouging is the primary reason for high prices, some experts share their deep dive into it.
McDonald’s extends its $5 meal deal through December as it finds this offer profitable. GLP-1 continues to remain in the news with a new study and some recommendations for food companies with regard to how they change in the era of weight loss drugs. And in H5N1 news…someone in Missouri contracted bird flu with no known contact with an infected animal. California is the 14th state to discover H5N1 on farms.
The Cost of Food…
Online grocery prices fall 3.7%
This compares to the previous month and is the largest decrease since tracking began in 2014.
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How inflation changed from August 2023 to 2024 for food
See year-over-year food price changes (August 2024) for various food categories such as eggs, juices/drinks and baby formula.
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Egg prices rise in part because of H5N1
High demand for eggs as well as a reduced egg supply due to H5N1 outbreaks are part of the picture.
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A deep dive into escalating prices and corporate greed
Some experts cite increased wages/labor costs while others show data that markups at groceries are slower to rise AND slower to decline.
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Kroger executive admits company raised prices above inflation
This admission came during a Congressional hearing about the Kroger-Albertsons merger. The executive stated that prices for milk and eggs were routinely above what needed to make a profit after accounting for inflation.
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Fast Food and Prices…
McDonald’s extends $5 meal deal through December
You will see this deal in 80% of its markets because it is profitable.
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McDonald’s continues to lose low income market
The loss of low-income customers is a factor in the push to keep the $5 meal deal.
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Walmart+ now includes a fast-food perk
Walmart+ members can get Burger King discounts.
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Health in the News…
2 groups advocate to remove Lunchables from National School Lunch Program
The reason? A recent Consumer Reports found that these and similar options were relatively high in sodium, lead and cadmium.
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GLP-1…
Study of 82 children: A GLP-1 drug for 6 to 12 year-olds lowered BMI
Blood sugar, blood pressure also improved in those taking the drug but participants experienced more G.I. side effects usually seen with the drugs.
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Online forums attract those seeking weight-loss drugs
One participant asked how to break open auto-injector pens to stretch doses.
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Bowling Green, KY has highest rate of prescriptions for weight loss drugs
Kentucky has one of the highest obesity rates in the U.S. and the area around Bowling Green has seen 4% with weight-loss prescriptions in the last year.
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Today’s Dietitian free webinar – Nutritional Considerations in the Era of GLP-1 Antagonists
You can view this Aug. 15, 2024 webinar when you set up free account.
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Poison Centers see rise in weight-loss drug related calls
The increase of 69% reflects the first half of 2024 compared to the first half of 2023 and dosing errors are one of the reasons.
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Strategists in the food field forecast how weight-loss drugs will change food options
Changes include smaller portions, high protein, transparent nutrition information.
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H5N…
First case of bird flu not connected to a sick animal in Missouri
The person is the 14th person infected in the U.S. and it’s not known how the person got infected or if the virus is H5N1 or a variant. The person was hospitalized but has been released and has recovered.
California is the 14th state to find H5N1 in dairy herds
California is #1 milk producer in the U.S.
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County/state fairs and the spread of H5N1
Experts weigh the risks of those attending fairs who come in close contact with many different animals. Milking barns and stages may have the greatest risk. Michigan and Minnesota used fake cows on a milking stage event and some states are requiring lactating dairy cows to be tested before fairs.