Food Inflation Hits Highs Not Seen Since 1979

Life is Golden

Life is Golden

The Sage
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-prices-us-jump-47-001717350.html
 
Life is Golden said:
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-prices-us-jump-47-001717350.html
Click to expand...

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?
 
"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.
 
Earl said:
Indeed.
Click to expand...
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...
 
TOP said:
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...
Click to expand...

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.
 
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.
 
Life is Golden said:
Some around here pretend it isn't happening.
Click to expand...
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...;)
 
TOP said:
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...;)
Click to expand...
Looks like it. No one who's shopped in a grocery store thinks inflation has gone down.
 
Trump practically guaranteed that if Biden were elected that there would be a massive economic depression, not that peanut butter, cat food, and hot dog buns would get more expensive.
 
LV426 said:
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.
Click to expand...

You libs claim to be so smart, so let's here your plan. :rofl2:
 
You must log in or register to reply here.
Back
Top