Food prices in July were up 31% from the same month last year. Central banks often disregard food and fuel inflation when setting policy due to their volatility. But higher food bills are affecting consumer sentiment and willingness to spend.
Food prices in July were up 31% from the same month last year, according to an index compiled by the United Nations’ Food and Agriculture Organization.
Families across the globe are adjusting their consumption pattern because of rising food costs. In some households, a glass of milk has become a luxury reserved only for children; fresh fruit, once deemed a necessity, is now a treat.
What people are saying?
End the Duopoly Just enough to eat up the extra help families with children are getting? It’s as if someone wants American kids hungry. And uneducated.
RED HEADED STEPCHILD Never comprehended why they exclude food and energy in inflation calculations. Almost like they don’t actually want an accurate read on what the average consumer is going through.
C-B@ No idea how they got that recent MoM shelter increase of 0.2-0.3% higher… Thing is, can’t they just keep the numbers fraudulent for as long as they need to keep up the transitory narrative with deep negative inrst rates whilst blind fund managers look the other way…