The Food Price Index increased at the fastest rate since 1970s

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • “The food index increased 10.9 percent over the last year, the largest 12-month increase since the period ending May 1979,” BLS said.
  • Some grocery store items have seen prices rise even faster, though.
  • “The food at home index rose 13.1 percent over the last 12 months, the largest 12-month increase since the period ending March 1979” BLS said. “The index for other food at home rose 15.8 percent and the index for cereals and bakery products increased 15.0 percent over the year. The remaining major grocery store food groups posted increases ranging from 9.3 percent (fruits and vegetables) to 14.9 percent (dairy and related products).”

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