Egg prices soar — beef too — and deliver inflation shock to grocery shoppers

• Only 16% of holiday shoppers plan to spend more this season because of inflation, CNBC survey shows

  Participants in the CNBC All-America Economic Survey say that prices for holiday gifts are higher this year than last. That may be affecting spending patterns.
  
  CNBC - 7h
• 

  Trump says it will be 'hard' to bring down grocery prices

  President-elect Donald Trump is acknowledging it may be difficult to bring down grocery prices, despite making it a key tenet of his presidential campaign.
  
  NBC News - 2h

• Norway campaigns to cut energy links to Europe as power prices soar

  Country’s energy minister describes ‘shit situation’ as domestic prices hit highest level since 2009
  
  Financial Times - 10h
• 

  N.Y.C. Grocery Prices Are High. Could City-Owned Stores Help?

  A New York City mayoral candidate wants the city to open its own, more affordable grocery stores. The idea has gained momentum in Chicago and other cities.
  
  The New York Times - 12h

• Kroger’s sales growth dinged by lower fuel prices and more — but it says many shoppers ‘feel better’

  Supermarket giant Kroger said lower fuel prices and the sale of its specialty-pharmacy business weighed on third-quarter sales, and that it expects fourth-quarter same-store sales to be lower than ...
  
  MarketWatch - Dec. 5

• Crypto prices soar as Trump’s SEC pick stokes hope for more ETFs

  President-elect Donald Trump’s nomination of Paul Atkins to chair the Securities and Exchange Commission could usher in a new era of crypto-friendly financial regulation in Washington.
  
  MarketWatch - Dec. 5
• 

  Chipotle says it's raising prices 2% in response to inflation

  Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.
  
  NBC News - Dec. 4

• Nigeria’s radical idea for car owners facing soaring petrol prices

  The government is encouraging citizens to convert their vehicles to run on compressed natural gas
  
  Financial Times - Dec. 3

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