Soaring Food Costs Further Squeeze US Consumers in Blow to Biden

  • by:
  • Source: AZ GOP
  • 10/14/2022
Food prices kept soaring in September and were one of the “many contributors” to worse-than-expected US inflation.
 
Grocery prices in September were up 13% from a year ago, with goods such as flour, cookies, turkey, and canned fruits and vegetables all rising by the most ever, Labor Department data Thursday showed. 
 
Meanwhile, the index for food at schools and employee sites jumped 45% from the prior month and 91% on an annual basis. While it represents a very small share of the overall consumer price index, it’s just one more cost increase weighing on Americans. The surge is the result of the expiration of a pandemic-era program providing free meals to all public-school students just as classes resumed this autumn. 



All together, higher costs for food both at and away from home mean Americans are getting squeezed no matter where they eat. More expensive food is a challenge for President Joe Biden and his Democrats who are seeking to hold on to narrow majorities in Congress ahead of the midterm elections next month. 
 
Food, along with shelter and medical costs, were blamed for inflation coming in higher than forecast, which helped spark a broad selloff in markets Thursday.

 
Source: Bloomberg
inflation graph by N/A is licensed under AZ GOP N/A

Recent News

11/01/2022
image
Economy, Inflation Top Issues in Arizona

By: Steve Lance

Arizona is a swing state this midterm cycle worth paying attention to. The state has a race for governor and a race for U.S. Senate, both of which are expected to be very competitive. Chairwoman of the Arizona Republican Party Kelli Ward talked about the Arizona election.

read more
10/25/2022
image
Op-Ed: Establishment Media Shills for Radical Soros Candidate in Arizona

By: Mary Beth Brown

Before Democratic Arizona secretary of state candidate Adrian Fontes was Maricopa County recorder, he was the criminal defense lawyer for a dangerous Phoenix drug dealer, narco-terrorist and firearms trafficking ringleader, Manuel Celis-Acosta.

read more
10/26/2022
image
Exclusive—Ronna McDaniel: Earth to Mark Kelly: Arizona Rejects Your Radical Record

By: Ronna McDaniel

During this month’s debate, Arizona Republican Senate nominee Blake Masters exposed Democrat Mark Kelly for the radical he is. From worsening our out-of-control border crisis to voting for higher inflation, Kelly acts like California’s third senator. No wonder he’s done everything he can to hide from the limelight. But he can’t run anymore.

read more

Latest Video

11/04/2022
image
Dr. Kelli Ward Celebrates MAGA Victories All Across Arizona

By: Steve Bannon

Dr. Kelli Ward Celebrates MAGA Victories All Across Arizona

read more
© 2022 AZ GOP