In the year through November, food got 10.6% more expensive, with grocery prices rising 12% and menu prices jumping 8.5%, not adjusted for seasonal swings, the Bureau of Labor Statistics said Tuesday. In that same period, overall inflation rose 7.1%, reports Bloomberg. Food inflation is outstripping other inflation.
CNN blames Putin, weather, disease, supply chain, and interest rates, but Bidenomics is the real problem.
Other major price hikes from CNN:
- vegetables increased 38% this month and over 80% in the past year.
- flour prices jumped 24.9%,
- bread went up 15.7%,
- milk was 14.7% more expensive
- coffee prices rose 14.6%
- chicken was up 12%
- fruits and vegetables spiked by 9.7%
- lettuce taking the lead with an 8.9% spike
- ice cream was up 2%
- eggs, which have been affected by the deadly avian flu, were a staggering 49.1% more expensive through November.
- butter prices, hit by a contraction in the milk supply, shot up 27%.
Some food items fared better.
CNN shared a slew of reasons why food is inflating, but left out the main reasons – Democrat wild spending and the attack on our fossil fuel industry,
Uncooked beef roasts fell 8.1%, and uncooked beef steaks dropped 7.4%. Pork roasts, steaks, and ribs slipped 5.1%, and bacon ticked down 1.1%.
Bacon fell 1.8%. Uncooked beef roasts fell 1.3%, and uncooked ground beef dropped 0.9%. Chicken, overcoming some supply issues, went down 0.8%, while fresh fish and seafood dropped 1.4%. Potatoes also got 1.4% cheaper, and margarine prices fell 2.3%.
You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:
Where is the Government getting these figures? Since the spring of 2021, the prices of groceries has gone up around 66%. Gasoline is still up over 60%, but Diesel has doubled. Electricity is up 40%. Rent has gone up and home prices have gone down. but people can afford a house due to interest cost. People can’t afford a new car. We are seeing declines in things like high end electronics, but that’s due to lack of demand because people think eating is more important.
When is the Media going to call out the Government for Gaslighting us and tell us about Government Corruption. After all, the reason for the 1st Amendment was to protect the Media from having to get in bed with Government.
“In the year through November, food got 10.6% more expensive, with grocery prices rising 12% […]”
Wow. Where IS this grocery store, where prices have only increased 12% in the past year? It would be worth a cross-country trek with a refrigerated trailer in tow behind, just to go there and load up.
I guess the numbers I’d like to see would show us the true (TRUE) percentage increase in prices from TWO years ago, because that is when the inflationary bleed-out began. By my primitive accounting methods (contrasting my grocery store receipts from December 2020 to those I walk out of the store with now), the prices of groceries have risen at least double in every store aisle, since then.
Lettuce? What Lettuce? It’s been non existent on most store shelves.
Damn right prices are soaring. These official government estimates are always BS!