'Transitory' Problem? Grocery Prices Soared 10.8% In One Year

Brittany M. Hughes | May 12, 2022
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Grocery store prices have shot up a year-over-year average of 10.8% across the country, as American families struggle under another surge in gas prices, a shocking nationwide shortage of baby formula, and few answers from an administration that refuses to take responsibility for the multiple crises.

Food prices in general were up 9.4% in April of 2022 versus April 2021, according to a new report out from the Bureau of Labor Statistics. Grocery prices, however, were up even higher thanks to a combination of supply chain problems, gas prices, labor shortages, and odd anomalies.

And the hikes are across the board. The price of eggs, for example, has risen more than 22% since last April due to economic problems and an avian flu that caused a massive shortage of egg-laying hens.

The cost of bacon is up nearly 18%, while the price of milk has risen more than 15%.

CNN Business reports that since April of 2021:

Meat and dairy products got much pricier. Bacon cost 17.7% more, and chicken prices were up by 16.4%. Butter and margarine together popped 19.2% and milk prices went up 14.7%, with fresh whole milk jumping 15.5%. 

Flour prices surged by 14% and coffee by 13.5%. Fruits and vegetables also got a lot more expensive, as citrus shot up 18.6% and lettuce rose 12.7%. Even canned fruits and veggies weren't immune: they increased 10.4%.

The report comes exactly one year after White House Press Secretary Jen Psaki claimed before a briefing room full of reporters that inflation was a "transitory" problem.

Psaki in April of this year continued to push the notion that record-high prices were a temporary nuisance.

 

 

 

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