August 17, 2022

Grocery prices in July had largest increase in 43 years; eggs cost 38% more than a year ago

Hey citizen, did you hear the great newz?  Dear Leader said we had zero inflation last month!  Isn't that faaaabulous?

Wait...what?  Marketwatch.com says what?

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.

Egg prices rose the most, rising by 4.3% in July, and 38% above a year ago. Potatoes are 13.3% higher than a year ago.  Butter was 26% higher than a year ago, while coffee was over 20% higher over that same period.

But since the "core" CPI mysteriously excludes both food and energy, if you leave those out the CPI was only 5.9% higher than a year ago, making the overall annual inflation rate drop from 9.1% in June to a mere 8.5% in July.

Democrat shills blamed Covid, the war in Ukraine and "pandemic-related supply-chain disruptions" for the jump in food prices.  Cuz we get so much of our food from overseas, right?
But...but...but...Dear Leader said "Zero!  There is no inflation."  So dis story above just can't be right.

Besides, no one uses very much butter or eggs or potatoes, eh?  The really big menu items like chicken and beef and cheese and milk have probably stayed level.  Yeh, dat's it.  

Source.

https://www.marketwatch.com/story/grocery-prices-in-july-had-largest-price-increase-since-1979-with-one-food-staple-rising-by-38-on-the-year-11660150996

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