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Food Prices Increased 11.4 percent over the last year, the largest 12-month Increase since the Period ending May 1979

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment.

Increases in the shelter, food, and medical care indexes were the largest of many contributors to the broad-based monthly all items increase. These increases were mostly offset by a 10.6-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 5.0 percent over the month as the gasoline index declined, but the electricity and natural gas indexes increased.

The index for all items less food and energy rose 0.6 percent in August, a larger increase than in July. The indexes for shelter, medical care, household furnishings and operations, new vehicles, motor vehicle insurance, and education were among those that increased over the month. There were some indexes that declined in August, including those for airline fares, communication, and used cars and trucks.

The all items index increased 8.3 percent for the 12 months ending August, a smaller figure than the 8.5-percent increase for the period ending July. The all items less food and energy index rose 6.3 percent over the last 12 months. The energy index increased 23.8 percent for the 12 months ending August, a smaller increase than the 32.9-percent increase for the period ending July. The food index increased 11.4 percent over the last year, the largest 12-month increase since the period ending May 1979.

6 thoughts on “Food Prices Increased 11.4 percent over the last year, the largest 12-month Increase since the Period ending May 1979

  1. Thank You Federal Reserve

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  2. Yeah my 2% raise from the village did zip. With inflation I went backwards.

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  3. Thank you Democrats.

  4. Yep real wages are down but lets have a party at the WH to celebrate the Inflation Reduction Act… which actually increases inflation. Might be the most disconnected administration in history. A bucket of wealthy elite liberals who have no clue how to relate to the middle class. Amazing how they can lie at every turn thinking Americans are just ignorant.

    Vote Red up and down the ticket

    1. Thanks Joey B

  5. CNN won’t blame Biden’s puppeteers, they call it ‘global inflation’.

    Complete nonsense.

    The US contributes 16% of the global domestic product.

    The US sneezes and the world catches a cold.

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