Grocery Store Prices Up 10.8%, Most in Nearly 42 years ~ May 13, 2022

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It got even more difficult in April for American families to put food on the kitchen table in January.

Food prices rose 9.4 compared with a year earlier, data from the Department of Labor showed on Wednesday. That is the fastest rate of inflation for food since 1981. Grocery store prices were up by even more, 10.8 percent.  The broader Consumer Price Index rose by 8.3 percent.

Inflation is now not only running high but it has broadened to an economy-wide phenomenon. Even the kitchen table itself is more expensive. Prices for the category of “living room, kitchen, and dining room” furniture are up 14.9 percent compared with a year ago. They rose 1.1 percent compared with March.

Importantly, these prices are seasonally adjusted so they cannot be explained by typical the end of holiday shopping season sales.

Here are some of the most striking moves in food prices.

  • Ground beef: up 14.8 percent.
  • Steaks: up 11.8 percent.
  • Bacon: up 17.7 percent.
  • Pork Chops: up 14.0 percent.
  • Chicken: up 16.4 percent.
  • Fresh Fish: up 13.0 percent
  • Fresh whole milk: up 15.5 percent.
  • Coffee: up 13.5 percent.
  • Fresh fruit: up 8.3 percent.
  • Lettuce: up 12.7 percent.
  • Salad Dressing: up 13.1 percent.
  • Soups: up 13.1 percent.
  • Baby food: up 13 percent.
  • Breakfast cereal: up 12.1 percent.
  • Bread: up 9.1 percent.
  • Biscuits and muffins: up 10.1 percent.
  • Lunchmeats: up 14.4 percent.

Eating out is not really a better option. Fast food prices are up seven percent and full-service restaurant prices are up 87 percent. Even vending machine prices are up 7.1 percent.

By cindyloucbp

Cynthia is the typical Pisces! Her left brain activities include scientific activities in the hospital laboratory as a director. Her right-brain activites show as a painter, photographer and musician. She is known as the scientist who sings!

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