And once you get to your location this Weekend I'm sure a lot of you or at Least your friends and family will be Sparking up the grill but you better Prepare because you might face some Sticker shock despite inflation falling Below 3% for the first time since 2021 Food inflation remains High Hot Dogs Cost almost 10% more ground beef for Burgers 8% more and ribs will cost you 4% more than just last summer and Earlier this week a Kroger's executive Admitted to raising prices above Inflation levels on some items like eggs And milk all this comes as the Federal Trade Commission fights the grocery Chains planned merger with Albertson's And CBS News correspondent Janet Shaman Joins us now from Houston Janet we're Already struggling with the price of Things so how are people coping are they Having to make changes to their barbecue Plans people are making changes L I want To give you a scene Setter here we're in Bud's House of meat in Houston this is a Massive Butcher Shop people come in here For just about everything and one of the Biggest sellers right now for Labor Day Weekends is the ground beef here and you Can see that they're I'm sure they have More in the back but I talk to Shoppers All day here some are making changes They're not buying certain items one Woman told me the chicken wings are
Through the roof and the owner of this Place who also stocks Staples like milk And eggs told me that the biggest Increase that he has seen here is eggs There'll be thousands of people here Throughout the weekend they're expecting To serve something like 2500 100 people And and we do talk to we are seeing that People are changing their buying habits For the for the reasons that you Mentioned you forgot to mention though That that beer that you're going to wash All that food down with is up 3% Lana From last year another important uh Important not Janet um and remind all of Our viewers because the rate of Inflation is going down overall but What's the outlook on food prices Specifically okay thank You so you're right inflation is cooling But these costs are still going up and Here's what we're hearing from experts That I talked to today it's a number of Factors at play it's not just one thing Labor costs have gone up Transportation Costs have gone up um they are putting a Lot of products in more ecologically Friendly packaging which cost more and There is a shortage in the area Specifically of um of of cattle and of Birds and part of that is due on the on The poultry to bird flu but uh the Cattle crop is smaller this you're and As a result you know we're all paying
More for everything and that includes The soda that that man was was just uh Loading up here um but people are still Going to celebrate 70% of Americans say They are planning something for Labor Day weekend Lana all right we hope it's A good one for you as well J chaman Thank you
