Food Prices Hit 40-Year High, Keep Breaking Records Every Month

[David G. Hall]

Food prices have increased every month of 2022, with each month since
February breaking 40-year records, according to data from the Bureau of
Labor Statistics (BLS).

The price of food at home increased 13.5% year-over-year in August, the
highest it’s been since May 1979, according to the BLS Consumer Price
Index (CPI) report. Since February, when the year-over-year cost of food
at home increased by 8.6% — at the time the highest level since 1981 —
grocery prices have increased every month, first breaking a 10% year-on-
year increase in March, according to archived CPI reports by the BLS.
(RELATED: Inflation Beats Expectations As Food, Grocery Prices Shatter
Records)

The rate of increase blows away the increases over the past two years,
with food at home prices increasing 3.5% in 2020 and 2021, according to
the U.S. Department of Agriculture (USDA). The increases are also well
above the USDA’s Aug. 25 estimate of a year-on-year food at home price
increase between 10% and 11% in 2022.

https://dailycaller.com/2022/09/13/food-prices-hit-40-year-high-keep-
breaking-records-every-month/