Groceries about to get even more expensive, Walmart issues worse-than-expected outlook.
April CPI showed food at home up 0.7 percent monthly, biggest jump since August 2022. Overall food inflation hit 3.2 percent year over year, up from 2.7 percent prior. Beef, tomatoes and produce leading surges with some categories near 40 percent annual. Iran conflict energy spike and fertilizer issues adding fresh pressure. Shoppers report sticker …