Grocery inflation highest in 42 years
According to one of the key measures on inflation, the Personal Consumption Expenditure (PCE) price index, the cost of groceries in the US is increasing at a rate not seen in 42 years, Breitbart reports.
All posts tagged: inflation
US inflation sets 41-year record high
With many, including Democrats, now suggesting that President Joe Biden is the worst president in American history, the latest Consumer Price Index seems to confirm this.
Report: Inflation costing Americans an additional $300 a month
Have you been finding money tight recently? Fox News reports that a recent analysis of inflation, conducted by Moody’s Analytics, has concluded that an average American family is spending an additional $295.45 per month for the same goods it purchased in 2019.
Food prices could increase 30% due to rising diesel costs, analyst warns
An analyst with the petroleum industry is warning that the prices for food could increase by as much as 30% in Canada because of the rising costs of diesel.
America’s inflation rate hits a 40-year high
u,” I bitterly exclaimed after finding out my favorite brand of coffee had jumped $7 since December 2021, going from $30.00 to $36.99 a package over the course of a couple of months.
Nearly half of Americans state inflation is causing financial hardship
According to a Gallup poll conducted in Nov 2021, 45% of Americans stated that the country’s inflation rate is causing ‘financial hardship.’ The Blaze noted that 10% of those surveyed said that inflation is having a ‘severe’ impact, meaning that they are struggling to maintain their current living standard. The survey also found that those on the lower end of the pay scale were the hardest hit, with 71% of those earning less than $40,000 annually reporting that inflation is becoming a problem, compared to only 29% for those earning over $100,000. The Blaze added that in October 2021, prices for consumer goods had increased by 6.2% compared to Oct 2020 and the UN’s Food and Agriculture Organization stated that in November, ‘commonly traded food commodities’ were 27.3% higher than in November 2020. READ: Nearly half of Americans say inflation has caused them ‘financial hardship’: Gallup A report this week also said that the country’s surging gas prices are having a significant impact on the poor. READ: Report: Surging Fuel Prices Hurt Poorer Americans the …
Governments to blame for higher prices
The Blaze is reporting that General Mills recently announced it will be increasing prices on hundreds of products in the New Year, with some going up by as much as 20%.
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