The Inflation Reduction Bill will totally do something about this, right? Oh, wait, it will make energy more expensive, it’s screw with food prices, and the Biden admin was already making things difficult for farmers
Inflation: Grocery prices increased 13.1% in July
Americans can still expect sticker shock when they head to their local grocery stories due to inflation.
Despite inflation cooling down a bit in July, up 8.5%, Americans are still paying significantly more for food.
According to the Bureau of Labor Statistics’ July Consumer Price Index (CPI), the cost of food rose 10.9% , with food in the at-home category rising 13.1%, higher than the year-over-year rise in recent months. For the overall food category, that’s the highest increase since May of 1979, but for the food-at-home category, which is household groceries, it’s the highest since March of 1979, according to Steve Reed, an economist at the U.S. Bureau of Labor Statistics (BLS).
Compared to June of 2022, the grocery category increased 1.4%
Well, yes, when you’re comparing the same products. Sure seems low for many products, but, perhaps when you’re looking at all the different items, some barely went up, some went up a lot. Again, two of my favorite brands of ice cream barely went up, one jumped to $7.99 from $5.99. Microwave meals are up at least 25%. Of course, as I’ve mentioned before, there are some products you just no longer find, and have to buy the more expensive versions.
On a 12-month basis, cereal and bakery products led the spike with an increase of 15% — with flour and prepared flour mixes up 22.7%. This leap was followed by the other food at-home categories including dairy and related products, up 14.9%, with milk specifically up 15.6%, which is only up 0.1 on monthly basis.
Milk already had its big jump previously.
Meanwhile, the meats, poultry fish and eggs category, up 10.9%, saw a bit of relief where the cost of beef and veal decreased 0.1% and hot dogs dropped 6.0% compared to last month, but it was largely offset by eggs, up 38% compared to a year ago and 4.3% compared to June of 2022.
The Democrats in the Senate and House, along with the Biden admin, do not care, because they’re rich, it doesn’t hurt them personally, and the taxpayers pay for a lot of their food and travel.
Note the graph our esteemed host included from he Bureau of Labor Statistics. Most of the things which were lower than the 8.5% overall inflation rate are things that people do not have to buy every month: personal care, appliances, medical care, recreation, toys, school supplies, etc. The things that people do have to buy every month, often more frequently than once a month, such as pet food, groceries at home, gasoline and home utilities, increased at a substantially higher rate.
The usual liars, gaslighters and obfuscators are busy at work trying to make pedo joe look good after his “zero inflation” comment. All the usual suspects from the hags on the View to Dowd are twisting their tongues (and brains) into a pretzel to “prove” pedo was correct in his statement.
These are the guys we are supposed to believe about the armed attack on Mar-a-Lago.
F the pedo
My grocery bill says the real number is in the 60% range.