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( Natural News ) The latest inflation report from the Bureau of Labor Statistics shows that food prices once again rose by 11.4 percent year-over-year, and food inflation is now at its highest point since 1979 .
The Consumer Price Index report for August showed that prices on all items in the United States rose by 8.3 percent from Aug. 2021 to Aug. 2022. The food-at-home index, a measure of price changes at the grocery store, increased by 13.5 percent, which is also a 43-year high . Compared to July, the food index rose by 0.8 percent, and the food-at-home index rose by 0.7 percent.
Among food items, eggs posted the highest annual price increase at 39.8 percent. Margarine came next at a 38.4 percent rise , followed by butter with a 24.6 percent higher price. Flour and prepared mixes rose by 23.3 percent, and roasted coffee rose by 18.7 percent. (Related: Food shortage simulation predicts 400% SURGE in food prices by 2030 .)
Other food products that also posted very high price increases include frozen bakery products like pies and tarts (18.1 percent), fresh and frozen chicken parts (17.8 percent), crackers, (17.7 percent), cereals and cereal products (17.4 percent), canned […]
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