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Thread: Food Inflation Hits Highs Not Seen Since 1979

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    Default Food Inflation Hits Highs Not Seen Since 1979

    Although the Consumer Price Index came in lower than expected at 8.5% in July, inflation is continuing to hit grocery shopping. The food-at-home category soared to 13.1 % over the last year, the largest increase since the period ending March 1979, according to the US Labor Department on Wednesday.

    Egg prices in particular have been driven higher by one of the worst bird flu outbreaks in US history, killing more than 30 million commercial and wild birds. The crisis hurt egg-laying hens and turkeys the most. Although the outbreak has eased in the US, growers are still repopulating their flocks, which is expected to bring prices down eventually.

    Consumers have been fighting inflation by trading down to value brands, IRI said. They’ve also been shopping deals, with IRI saying 55% of ice cream was purchased with coupons in July.

    Overall, food prices are up 14% year over year through July, according to the company. The research firm compiles its insights from point-of-sale data.

    https://finance.yahoo.com/news/eggs-...001717350.html
    ​................

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    Default

    Overall, food prices are up 14% year over year through July,
    at least.

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    Quote Originally Posted by Life is Golden View Post
    Although the Consumer Price Index came in lower than expected at 8.5% in July, inflation is continuing to hit grocery shopping. The food-at-home category soared to 13.1 % over the last year, the largest increase since the period ending March 1979, according to the US Labor Department on Wednesday.

    Egg prices in particular have been driven higher by one of the worst bird flu outbreaks in US history, killing more than 30 million commercial and wild birds. The crisis hurt egg-laying hens and turkeys the most. Although the outbreak has eased in the US, growers are still repopulating their flocks, which is expected to bring prices down eventually.

    Consumers have been fighting inflation by trading down to value brands, IRI said. They’ve also been shopping deals, with IRI saying 55% of ice cream was purchased with coupons in July.

    Overall, food prices are up 14% year over year through July, according to the company. The research firm compiles its insights from point-of-sale data.

    https://finance.yahoo.com/news/eggs-...001717350.html
    This is all part of Brandon's plan to reduce obesity in America. Make food so expensive that you can't eat. You can't eat you lose weight. Lose weight your less obese. See? Isn't Brandon wonderful?

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    Brandon told us, "We had ZERO inflation in July".

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    "Overall, food prices are up 14% year over year through July, according to the company. The research firm compiles its insights from point-of-sale data."
    Slow Joe did this.

    Remember in November.

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    Quote Originally Posted by Lionfish View Post
    Brandon told us, "We had ZERO inflation in July".
    Indeed.

    No inflation jump in July.

    Annual inflation is still at 8.5%

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    Quote Originally Posted by Earl View Post
    Indeed.

    No inflation jump in July.

    Annual inflation is still at 8.5%
    The highest in 4 decades...

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    Quote Originally Posted by TOP View Post
    The highest in 4 decades...
    Indeed.

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    Quote Originally Posted by Earl View Post
    Indeed.
    Food prices, back to school prices, utilities, etc. just so hard to manage for so many families...the need for extra help is unlike anything I've ever seen before....it's so nice to see so many step up...

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    Quote Originally Posted by TOP View Post
    Food prices, back to school prices, utilities, etc. just so hard to manage for so many families...the need for extra help is unlike anything I've ever seen before....it's so nice to see so many step up...
    So I see a lot of complaining from you people, but I don't see any ideas or solutions other than Rick Scott's plan to end Medicare and Social Security.

    So if you're gonna bleat about inflation, then you should probably have a plan to deal with it.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    Quote Originally Posted by TOP View Post
    The highest in 4 decades...
    Some around here pretend it isn't happening.
    ​................

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    The best plan to end the out of control inflation is to vote out of office, the far left Democrat Socialists who caused the out of control inflation.

    They caused the out of control open borders and crime too.

    Vote out of office all of the far left Democrat Socialists who are driving America into the ground.

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    Quote Originally Posted by anatta View Post
    at least.
    Yep
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by Life is Golden View Post
    Some around here pretend it isn't happening.
    Well, that's because there was "0%" inflation last month...so...Perhaps they don't grocery/back to school shop... And just hand over the card when the doordash/grubhub/ubereats shows up...

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    Quote Originally Posted by Lionfish View Post
    Brandon told us, "We had ZERO inflation in July".
    I guess if you live in an egg, drive an egg, get all your power needs from an egg and only eat eggs then he was wrong.
    Pardoning the Bad, is injuring the Good.

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