During last januarySome Food prices rose 0.9% The Inflation index in the United States reached its maximum level in 40 years.
Last Thursday, it was announced Consumer price inflation index in various food items in the United States, and the reality exceeded all expectations. The inflation index reached its highest level in 40 years with 7.5% year-on-year in the first month of this 2022.
Which means, that prices have not stopped increasing in the last 12 months and at great speed.
The consumer price index, in the month of January it rose 0.6% and in the food item rose 0.9%following the increase of the month of December 0.5%.
According to statistics, nearly all grocery prices rosethere are very few exceptions, such as the case of alcohol-free drinks.
Also, the data from the United States Bureau of Labor Statisticsindicate that the food at home index increased 1.0% in January. Previously, in December 2021, had increased by 0.4%. While the food index outside the home increased 0.7% in Januaryfollowing the increase of 0.6% in December.
FOODS THAT RAISED THEIR PRICES IN JANUARY:
- Cereals and bakery products were the ones that increased the most in price, with a 1.8%.
- Dairy and related products: rose 1.1%.
- Fruits and vegetables: 0.9%.
- Meat, poultry, fish and eggs: 0.3%.
- Food away from home, full-service food rate and limited service: 0.7%.
The non-alcoholic beverageswere the The only item that did not present cost variation in January, compared to the month of December.
In general, the meat, poultry, eggs and fish, increased by 12.2%. However, the beef shot up 23% moreand there are even meats that are already around $40 per pound.
In regards to the dairy, the increase was 3.1%, this being the smallest increase in 12 months. But it is believed that prices will not drop in supermarkets or restaurants for the rest of the year.
YOU MAY ALSO LIKE: HE POSEDED AS AN IMMIGRATION AGENT AND SCAMMED $15,000 FROM FLORIDA MIGRANTS
These price increases have different reasons, among them, the high demand, the crisis in the supply chain, the price of fuel, transportation and the lack of labor.
INFLATION AFFECTS CITIZENS’ POCKETS AND BIDEN SAYS IT’S TEMPORARY
The outlook can be gray and pessimistic, since high prices begin to exceed wages and government aidwhich have also been cut, as outlined The opinion.
On the other hand, the US president, Joe Biden and the Federal Reserve insist that price increases and inflation is only a temporary situationand affirm that in the middle of the year the economic recovery might begin to be seen.
