Food inflation in the U.S. breaks 42-year record… and there’s no end in sight

The Consumer Price Index (CPI) exceeded expectations, rising by 8.3 percent in April as food inflation broke a 42-year record.

Everything from meat to dairy to baby products and beyond is now up about 10.8 percent on average at grocery stores. And sadly, the situation is likely to get even worse in the coming weeks and months.

The following breakdown shows the percentage at which food prices are rising based on category:

• Ground beef: up 14.8 percent
• Steak: up 11.8 percent
• Bacon: up 17.7 percent
• Pork chops: up 14.0 percent
• Chicken: up 16.4 percent
• Fresh fish: up 13.0 percent
• Fresh whole milk: up 15.5 percent
• Coffee: up 13.5 percent
• Fresh fruit: up 8.3 percent
• Lettuce: up 12.7 percent
• Salad dressing: up 13.1 percent
• Soup: up 13.1 percent
• Baby food: up 13 percent
• Breakfast cereal: up 12.1 percent
• Bread: up 9.1 percent
• Biscuits and muffins: up 10.1 percent
• Lunchmeat: up 14.4 percent

Since last April, real average hourly earnings decreased by 2.6 percent

Dining out or grabbing takeaway is hardly any better. Fast-food prices are up about seven percent, on average, while full-service restaurant prices are up an astounding 87 percent. Even vending machine prices have risen by about 7.1 percent.

The official numbers suggest that inflation is still rising month by month, but now at a slower rate of increase compared to previous months. This is assuming the government is telling us the truth about inflation numbers.

Compared to March, prices went up another 0.3 percent in April, making it the 11th straight month that inflation has been above 5 percent.

In March, prices rose at an annual rate of 8.5 percent. Since September 2021, April is the first month that year-over-year inflation numbers were not higher than the month earlier, though they still exceeded expectations.

“Economists had forecast CPI to rise by 0.2 percent for the month and 8.1 percent compared with a year ago,” reported Breitbart News.

“Core CPI, which excludes food and energy, rose 0.6 percent, well above the 0.4 percent estimate. Compared with a year ago, core prices were up 6.2 percent, above the 6.0 percent expected.”

Meanwhile, average hourly earnings for all employees actually fell 0.1 percent from March to April, according to the U.S. Bureau of Labor Statistics. From April 2021 to April 2022, real average hourly earnings, seasonally adjusted, decreased by 2.6 percent.

Both the stock market and the cryptocurrency markets continue to tumble amid all the chaos. These high inflation numbers suggest that the Federal Reserve will need to raise interest rates at a much faster pace moving forward if there is any chance of prices stabilizing.

“Don’t forget that inflation is cumulative,” wrote someone at Breitbart. “8.3% today is ON TOP OF what it was a year ago. The annual % may decline a bit, but the overall % never declines.”

“And besides, 8.3% annually is a fake number. It’s about twice that, maybe more, as everybody knows.”

“A lot of inflation is hidden by the way the statistics are created,” explained another. “For example, the true cost of housing: if you have a fixed interest mortgage, your mortgage payment doesn’t increase, and when that is included in the mix of your other expenses, it apparently lowers your personal inflation.”

“In addition, people that would ordinarily be buying a house simply won’t buy, because they can’t afford to. So most of the housing cost inflation (which has to include the impact of skyrocketing mortgage rates) doesn’t hit the nationalized inflation rate.”

“The same is true of automobile costs, and there are many other examples. In some cases, it may not be a deliberate rigging of the statistics, but in others, it probably is,” this same commenter added about how the public is being deceived.

More related news about rising food prices can be found at FoodInflation.news.

Ethan Huff

Sources include:

Breitbart.com

DrEddyMD.com

Published by dreddymd

Dr Eddy Bettermann MD focus on Biological Medicine (Biologische Medizin), Darkfield Microscopy (Dunkelfeld Mikroskopie), Orthomolecular Medicine (Orthomolekulare Medizin), Ayurvedic Medicine (Ayurveda), Psychosomatic Medicine (Psychosomatische Medizin), raw food (Rohkost), fasting (Fasten): Our primary integrative medicine goal is the maintenance of your health and wellness, and we are committed to safe and effective healthcare. Our specialties include online integrative medicine education by alternative doctor: food and allergy management through the use of Integrative medical therapy, Environmental Medicine, General Family Medicine, Ayurveda, Panchakarma, Chronic Fatigue, ADHD, autism, Fibromyalgia, Yeast/Fungus related diseases – Candidacies, mercury dental replacement and detoxification, Natural Thyroid Replacement, Weight loss, Lyme Disease, Irritable Bowel Disease, Attention Deficit Disorder, Pervasive Developmental Disorders, Multiple Chemical Sensitivities, Addiction related programs, Intestinal Dysbiosis, as well as trigger point therapy using Neural Therapy. Dr. Eddy Bettermann MD, physician from Germany, consultant and teacher in biological medicine, especially dark field microscopy known as Live Blood Analysis in Thailand, Malaysia, Hong Kong, Singapore and the Philippines. But he lecture also in the USA, Canada and the U.A.E. He speaks english and german. https://dreddymd.com/2017/01/17/the-interactive-live-blood-cd-and-the-certified-training-live-blood-analysis-online-course/ https://dreddymd.com/courses/ https://dreddymd.com/2017/01/17/live-blood-microscopy-analysis-darkfield-course/ “Let thy Food be thy Medicine and thy Medicine be thy Food.” — Hippocrates Physician Member of the Medical Board at AOX Singapore, Medical Doctor at Nurse Mobile Clinic and Physician at DrEddy Clinic Our Mission: The mission of the Integrative Medicine is to search for the most effective treatments for patients by combining both conventional and alternative approaches that address all aspects of health and wellness – biological, psychological, social and spiritual. Biological Medicine is a big part of my work and so is Dark field Microscopy, what I use in my daily practice and what I teach more then 15 years in Asia and around the world: Live Blood Analysis in dark field based on Haematology. We utilize Live blood analysis since 2004, conventional as well as specialty laboratories for a thorough diagnostic work up of the disease in question. Our integrative medicine treatment regimens are especially unique and are tailored specifically to the individual needs of each patient. Our Mission: don’t harm, prevent, use food as medicine We are a reliable partner for integrative medicine in Medical Spa & Clinic Development and integrative medicine Education Training for alternative doctors – we bring different holistic approaches, like Integrative Medicine, Traditional Chinese Medicine and Ayurveda Medicine together. On your request we offer our service in your place as well. Heavy metal poisoning Heavy metal poisoning is much more common than most people realize, and if you’re thinking that it doesn’t apply to you because you haven’t been exposed to any, think again. If you’ve eaten fish regularly, had amalgam fillings, received vaccinations, drank contaminated water, or done industrial or agricultural work or pharmaceutical manufacturing, there’s a good chance that you have a fair amount of toxic metals in your system.. We are here to help and to educate! Wishing your health and happiness Dr Eddy Bettermann MD Multimedia library https://bit.ly/2Wgqsd3 Protect you and your family from harmful radiation https://bit.ly/synergyscience-dreddymd More information about 5G and EMF: https://dreddymd.com/?s=5G+and+EMF Protocol https://amzn.to/2Nxsfql DrEddyClinic is affiliate of Amazon and get comission for the products, which we recommend https://www.amazon.com/shop/dreddyclinic , same as GlobalHealing https://dreddymd.com/shop/supplements/ View all posts by dreddymd