Food inflation in the United States has jumped to its highest level in over four decades, putting more stress on American consumers, while agricultural output in the country took a beating following droughts. “From the same month one year ago, the PCE [Personal Consumption Expenditures] price index for August increased 6.2 percent. Prices for goods…
Americans Feeling the Bite of Food Inflation as Prices Soar to Highest Level in 43 Years
October 1, 2022
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Business & MarketseconomyExtreme Droughtfood inflationfood priceshigh inflationinflationMarketspersonal financeU.S. Agriculture DepartmentUS
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