December CPI shows 0.7% monthly food price jump—largest since October 2022. Beef up 16%, coffee surging 20%. What it means for grocery stocks and the Fed.

Food prices surged 0.7% in December—the largest monthly increase in more than three years—as Americans heading into 2026 face sticker shock at the grocery store with beef, coffee, and produce prices climbing sharply. The data, released today by the Bureau of Labor Statistics, puts renewed pressure on the Trump administration to deliver on campaign promises to lower everyday costs.

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