Margarine and butter prices are soaring. Here's why.
CBSN
The cost of butter and margarine has skyrocketed over the last year, one of several humble kitchen staples that have surged in price amid the fiercest inflation in 40 years.
As of December margarine prices were up a whopping 44% from a year ago, according to the Consumer Price Index, while butter prices jumped 31% during the same period. The average price of butter soared to $4.81 per pound in December, up from $3.47 a year prior, according to the Federal Reserve Bank of St. Louis.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.
Apple's annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant.