0
0
Read Time:46 Second
Food prices surged in September, propelling the producer price inflation gauge higher than expected.
The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.
Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.
Twelve percent does not sound too steep, until you do the numbers. A family that was spending $300 a month on groceries a year ago now is now spending $336. And more on gas, electric bills, and really everything But, thank goodness there are fewer mean tweets right?
About Post Author
thedaleygator
Individualist/Writer/Blogger/Historian/Sometime pain in the ass. Unapologetic Lover of the Founders, America, the South, our Constitution. Proud descendant of numerous American and Confederate veterans. And yes, massive Gator fan.
No patience for cancel culture, and the Marxists who hide behind it.
Lover of good beer, good BBQ, and yes beautiful women.