Grocery prices in July had largest price increase since 1979 — with one food staple [eggs] rising by 38% on the year

Market Watch ^ | Zoe Han

[BenLurkin]

The price of food at home rose 1.3% from June to July, marking a 13.1% increase compared to last year. It was the largest price increase for groceries since 1979, according to the U.S. Bureau of Labor Statistics.

Food, however, rose by 1.1% on the month and 10.9% this year. It was the seventh consecutive month where the price rose by 0.9% and above. Dining out rose by 0.7% in July on the month and 7.6% compared to last year.

Among groceries, egg prices had the biggest increase. Their cost rose by 4.3% in the month of July, and 38% in the year. Potatoes also rose 4.6% on the month and 13.3% year-to-year. Butter was up over 26% on the year in July, and coffee rose by over 20% over the same period.

[OHPatriot]

LIES LIES LIES. Joey Crappy Pants SAID INFLATION WAS 0%

Would Joey LIE ?????

[KC_Conspirator]

Thanks Biden and dimocraps!

[for-q-clinton]

Oh wait, they will just claim it already fixed it. The terrible capitalist know the gig is up so they reduced prices.

[CDB]

Yet, it was reported just today the Inflation dropped to 8.5% and the Dementia Joe admin is claiming Zero Inflation for the month of July. That claim is based on the premise that total Inflation did not Increase. So, according to those morons if Inflation decreases a fraction from the previous month that means there is NO Inflation.

A perfect example of the misuse of month-to-month--as opposed to annualized--data. It's about as accurate as predicting the final score of a football game by focussing on the score at the end of the first quarter.