Gas is up. That causes everything else to go up. Food has been up a long time. Food needs to be addressed as it is the one thing people cannot live without. Certain things are out of control--Cold cuts like Turkey and Ham, Cereal, Berries, Nuts, Meats, Milk, Eggs.....staples not luxuries are up considerably since covid. We all feel it, it would be dishonest to say you don't just
for a political agenda. My bills have almost doubled, because the stuff I buy has been hit the hardest--Berries, Nuts, Meats etc
Higher food prices partly caused the hotter-than-expected inflation report. Getting pinched at the grocery store is souring Americans on the economy.
www.cbsnews.com
MONEYWATCH
Inflation is cooling. So why are food prices, from steak to fast-food meals, still rising?
By Aimee Picchi
Edited By Anne Marie Lee
February 13, 2024 / 5:52 PM EST / CBS News
Inflation may be rapidly cooling, but there's one area that continues to eat away at Americans' budgets: Stubbornly high food prices.
Rising food costs were one contributor to the
hotter-than-expected inflation report on Tuesday, with food prices rising 0.4% in January from December, a faster pace than the overall 0.3% rise in the Consumer Price Index (CPI).
"Any increase in food prices may be especially painful to American consumers, given that supermarket prices are now 25% higher than in January 2020, while inflation has increased 19% over that same time. That means even though grocery costs are now rising at a slower pace than in the depth of the pandemic's inflationary spike, the same shopping basket still costs more than a month or a year ago, a fact that has soured many consumers on the economy. "