Food inflation reached an 18 year high in April says a report from the Federal Bureau of Labor Statistics. The Pioneer Press article is here.
From the report:
"The food component of the Consumer Price Index rose 0.9 percent in April, the biggest monthly jump since 1990. The jump was even larger for food eaten at home — up 1.5 percent last month — ‘reflecting substantial increases in all six major grocery store food groups,’ the federal Bureau of Labor Statistics said."
With gas prices also reaching historic highs, the squeeze on middle class families continues.If that wasn’t enough, health care costs are also up 30% in the last four years as well.