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Why food prices are going up over 300%
Manage episode 372439695 series 3443444
Keith from sales pitch에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Keith from sales pitch 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Food prices rose 6.7% between May 2022 and May 2023, according to the most recent consumer price index (CPI) report from the Bureau of Labor Statistics. By comparison, at the same time in 2022 prices rose 10.1% over a one-year period. The CPI uses indexes to measure changes in the average costs of items in a given period. There are specific indexes for these items, including food costs.
The BLS also found that:
The index for food at home (groceries) is 5.8% higher year-over-year, although from April to May, grocery costs actually only increased slightly by 0.1%.
Restaurant patrons are still paying more (8.3%) for food than they did a year ago. The price index rose 0.5% from April to May.
Specifically, limited service meals (takeout only) rose 8% year-over-year, while full-service (sit-down restaurant) meals rose 6.8% year-over-year.
Overall, the annual inflation rate has been declining.
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