Food Prices Are Soaring

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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%.

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GuvGeek
2 years ago

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… Read more »

Blank
2 years ago

“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… Read more »

Martha
2 years ago

Lettuce? What Lettuce? It’s been non existent on most store shelves.

lalasayswhat
2 years ago

Damn right prices are soaring. These official government estimates are always BS!