Post by schwartzie on Apr 13, 2021 16:15:23 GMT -5
Coming soon! "And I heard a voice in the midst of the four living creatures saying, “A quart[fn] of wheat for a denarius,[fn] and three quarts of barley for a denarius; and do not harm the oil and the wine.” - Rev. 6:6
Get ready for higher grocery bills for the rest of the year
The latest spike in grocery bills comes on the back of prices that rose during last year’s pandemic stockpiling — and never went down.
April 13, 2021, 8:43 AM EDT
By Ben Popken
Shoppers had better start budgeting more for their grocery bills, according to the latest consumer price index, which shows prices are increasing — and they’re likely to keep going up.
The monthly consumer price index, released Tuesday morning by the Bureau of Labor Statistics, showed a 0.6 percent increase in March, the largest one-month increase in nearly a decade. Over the past year, prices have increased 2.6 percent overall.
Gas skyrocketed up 9.1 percent last month. Since February, fruits and vegetables have risen nearly 2 percent and the index for meats, poultry, fish and eggs have risen 0.4 percent, according to the government figures.
The latest spike in grocery bills comes on the back of prices that had already risen during last year’s pandemic stockpiling and supply chain disruptions and never went down. Consumers are noticing their inflating receipts.
Outside a Long Island, New York, supermarket, shopper John Kermaj said he’s seen prices rising in just the past two months.
“We used to buy this stuff for $30. Now it's $60,” he said.