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| Economy |
| Inflation in the grocery aisles: Prices of roast beef, eggs and bacon are up nearly 30% since last October |
| 2021-11-13 |
| [Market Watch] High inflation is eating up the budgets of American households. The cost of groceries have jumped 5.4% in the past year, marking one of the biggest increases in the past two decades, according to the consumer price index. By contrast, grocery prices did not increase at all in the five years before the pandemic. Meat, chicken, dairy, eggs, sugar and coffee are among the products that have seen especially large price gains in the past year, Bureau of Labor Statistics data shows. The rising cost of food has contributed to the biggest surge in U.S. inflation in almost 31 years. The cost of living has soared 6.2% in the 12 months ended in October, new government figures show. |
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