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Inflation & Prices

Soaring Food Costs Further Squeeze US Consumers in Blow to Biden

  • Prices at home surged 13% from year ago, government data show
  • Biggest-ever increases in flour, cookies, turkey, canned goods
Bloomberg business news
Core US Inflation Climbs to Highest Since 1982

Food prices kept soaring in September and were one of the “many contributors” to worse-than-expected US inflation.

Grocery prices in September were up 13% from a year ago, with goods such as flour, cookies, turkey, and canned fruits and vegetables all rising by the most ever, Labor Department data Thursday showed.