The following article, Food Prices Soar Under Biden Economic Policy, Inflation Hits Record High, was first published on Flag And Cross.
Another way Biden’s misfiring presidency is harming every day Americans is through the skyrocketing costs for food, as Bidenomics continue to hit Americans hard in the wallet.
Food prices rose another percentage point in the latest government report from August, up from six-tenths of a point in July, according to the Bureau of Labor Statistics. Compared with a year ago, food prices are up 12.7 percent, outpacing the overall increase of 8.3 percent in the Producer Price Index.
Per Breitbart News:
On an annual basis, that is the highest level of food inflation in records that go back to 2010. The monthly figure is the third-highest on record, following May 2020’s pantry-raid that emptied many grocery store shelves and February 2011.
Prices of some staples have been driven sky-high. Some of the truly startling annual numbers from Friday’s Producer Price Index:
- Beef and Veal: +59.2 percent
- Pork: +34.1 percent
- Chickens: +32 percent
- Fish: +18 percent
- Turkey: +41.4 percent
- Fresh eggs: +31.7 percent
Shortening and cooking oils are up a jaw dropping 43.5 percent.
“Grain prices are up an incredible 98 percent, although that largely reflects the plunge in global demand last year combined with a surge this year,” Breitbart added.
And with real wages falling, Bidenomics is killing us all.
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