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In August, food prices went up for the second month in a row, which hurt family budgets, the Department of Labor indicated this week.

After increasing by 0.3 percent during July, the consumer price index for “food at home” increased by 0.2 percent during August. In June, food prices were about the same as the month before.

Since Biden became president, food prices have been going up almost constantly. After almost a decade of mostly steady prices, food inflation has become a regular part of the American economy. In all but three months of Biden’s term, grocery prices have gone up every month.

The total result has been horrible for the budgets of many families. Since February 2021, costs for food at home have gone up 19.6%.

Even though the rate of price rises has slowed down since last year, when the cost of food was up 13% from the year before, there are no signs that prices will go back to where they were before Biden took office. Instead, food prices seem to have settled into a higher price level that won’t go down and a higher rate of monthly increases that won’t slow down.

In August, the rate for pork, chicken, fish, and eggs went up by 0.8%. The pork measure went up by 2.2%. Over the past month, the score for other food at home went up by 0.2%.

For the month, the measure for grains and baked goods went up by 0.5%. It has gone up by a huge six percent since last year.

In August, prices went up by 1.8 percent, which was a big deal for people who like frozen pies, tarts, and other frozen baked goods. Prices for ice cream, on the other hand, went down 0.7% in August, but they continue to be up 4.3% from what it was a year ago.

In August, diary and similar goods went up by 0.4%, which was the reverse of July, when they went up by 0.5%.

In August, costs dropped in almost every subcategory of fruits and veggies, which caused the average for these items to go down. But prices for all fruits and veggies are higher now than they were a year ago, except for oranges and tomatoes.

In August, it also cost more to eat out. The “food away from home” measure went up by 0.3%. Prices for fast food meals went up by 0.3%, and prices for full-service meals went up by 0.2%. Prices for food away from home are 6.5% higher than they were a year ago. Fast food meals are 6.7% more expensive and full-service restaurant meals are 5.3% more expensive.

Author: Scott Dowdy

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