“If you haven’t noticed rising prices at the supermarket lately, you haven’t been paying close attention to your spending. Food prices are soaring.
Over the past year prices for some basic grocery staples are rising faster than at any time over the past decade, according to July figures of the U.S. consumer price index. Across America, frozen orange juice prices are up 31 percent over a year earlier; eggs and whole wheat bread up 24 percent; milk up 21 percent; margarine sticks up 17 percent; coffee and chicken breast up 12 percent; ground chuck up 11 percent; and soft drink colas up 10 percent.
The increases far exceed general consumer inflation, which rose 2.4 percent over the same period.”
Editor’s note on that headline: Duh.