Gasoline prices decline in July but overall grocery store prices rise

Joe Raedle/Getty Images

Revelations 18:23 ‘For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Grocery Store Inflation Rises to Highest Since 1979: Milk, Cereal, Chicken, Cheese, Butter, Hamburger, and Bread Prices Still Soaring
  • Although gasoline prices fell in July and overall inflation cooled, U.S. households did not get any relief in the grocery store aisles.
  • Breakfast cereal prices up 1.9 percent from June and 16.4 percent compared with a year ago.
  • Bread prices up 2.8 percent from July and 13.7 percent compared with a year ago.
  • Ground beef prices rose 0.8 percent in July and are up 9.7 percent compared with a year ago.
  • Bacon prices rose 0.2 percent compared with a month ago and are up 9.2 percent compared with a year ago.
  • Breakfast sausages up 2.6 percent in July and 15.7 percent over the year.
  • Chicken prices rose 1.4 percent in July and 17.6 percent over the year.
  • Milk prices rose 0.1 percent in July and 15.6 percent over the year.
  • Cheese prices rose two percent in July and 12.6 percent over the year.
  • Ice cream prices rose 0.7 percent and 11.3 percent over the year.
  • Fruit and vegetable prices rose 0.5 percent in July and 9.3 percent over the year.
  • Coffee prices rose 3.5 percent and are up 20.3 percent over the year.
  • Butter prices rose 0.2 percent and are up 22.2 percent over the year.

Read the original article by clicking here.

Leave a Reply