My wife has been looking at me over the last month and saying….
‘The price of this is crazy!’….
That ….And she’ll put the product back….
You’ll notice that paper products you couldn’t get a month ago are back…
At higher prices…
This IS AMERICA….
Where making a profit is a religion….
This is NOT a way to help the consumer in declining economy….
Overall, consumers paid 2.6 percent more in April for groceries, the largest one-month jump since February 1974.
The jump in food prices came in a month when more than 20 million Americans lost their jobs, driving 1 in 5 households into food insecurity.
The increase in food prices was in marked contrast to a broader decline in the basket of goods that makes up the U.S. consumer price index, which fell 0.8 percent in April, the largest single-month decline since 2008.
The hike in cereal and bakery products was the steepest single-month increase on record, which goes back to 1919, according to Geri Henchy, director of nutrition policy for the Food Research & Action Center, a nonprofit organization working to eradicate poverty-related hunger and undernutrition.
She attributes the inflated prices to two things: a shift in where consumers are purchasing their food, and supply chain disruptions due to covid-19 outbreaks in food production facilities as well as slowdowns related to social distancing and sheltering in place.
“It’s a tipping point for people who are already really struggling with resources.” she said. “Their budgets are taxed and now add increases in the price of food. There’s been a big increase in food insecurity, which is twice as bad for people of color and families with young children. People can’t go on with those lowered resources forever.”…..