by Susan Duclos, All News Pipeline:
As the Biden regime their puppets in the media are touting “overall inflation” numbers, which are at 4.9%, year over year, food inflation is still significantly higher. Food has risen 7.7% since April 2022, with certain categories rising far more than others, such as cereals (12.4% year over year increase), baked products (12.4%), and what is dubbed “other food at home” coming in at a 10.4% increase.
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While that graphic is concerning enough it doesn’t capture the big picture as much as the following screenshot does:
The numbers above represent year over year for January, February, March and April of 2020, 2021, 2022, and 2023, with May represented for 2020, 2021 and 2022, with the numbers for May 2023 to be released on June 13, 2023.
So in April 2020, food inflation was 3.5%, and by the next year, it has risen another 2.4%, and the following year, 2022, it had risen yet another 9.4%, with the Biden regime and the media hailing 2023’s 7.7% increase as a “drop” in inflation, while never acknowledging that since 2020, food prices have rising nearly 20%.
Is it any wonder that nearly 50% of Americans say food is their biggest monthly expense, more than their combined utilities or credit card debt?
Interestingly the quote I am about to use, not only shows that food is the biggest expense for many, but also makes the perfect example of how the media is gaslighting the American public by asserting the 7.7% increase for April “will be welcomed news to consumers.”
This latest set of data will be welcomed news to consumers, as groceries take out a big chunk of paychecks every month. Indeed, almost half of Americans (48%) said their grocery costs are eating up most of their monthly budget, even before utility bills (38%) and credit card debt (37%), according to a survey conducted by OnePoll and UserTesting and reported by Talker.
The survey also found that groceries are the top monthly budget spend across generations, with 48% for Gen Z, 55% for Millennials, 45% for Gen X and 47% for Boomers.
Yes, I am sure that paying an additional, overall, 7.7% for food (the average between food at home and eating out) in 2023, is “welcome news” to those struggling to pay their monthly bills…..Not.
More from that article before moving along:
Prices for meats, poultry, fish, and eggs also declined 0.3% over the month. Eggs, which have been a symbol of inflation with exploding prices, dropped 1.5% for the month — a 21.4% annual increase.
Eggs were one of the largest increases for the year, in addition to margarine, which saw a 23.8% increase; flour and flour prepared mix, with a 17.8% increase; frozen vegetables, with an 18.9% increase; and cookies, with a 15.9% increase.
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Originally Posted at www.sgtreport.com