Plenty of Americans feel like they're forking over a fortune for groceries — only to get hit with a recall notice that forces them to throw that expensive food out.
Why it matters: While grocery prices are driven by complex trade and energy costs, the safety net meant to keep food safe to eat is fraying, creating a dual crisis of affordability and safety.
The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning.
Why it matters: Energy inflation shows up across the entire economy, and the recent surge in diesel prices in particular threatens to have a dramatic impact on freight and travel in the weeks and months to come.
