You Vote: Are high food prices affecting what you buy at the grocery store?

Food costs are seeing their largest annual increase since May 1979.

Published: September 14, 2022 12:48pm

Updated: September 14, 2022 1:33pm

Inflation rose more than economists expected in August, with consumer prices increasing 0.1% from the prior month, according to data released Tuesday by the Bureau of  Labor Statistics.

The primary factor in the unexpected increase in inflation was a sharp increase in food prices.

The latest government data showed food costs spiked 11.4% over the past year, the largest annual increase since May 1979.

Specifically, restaurant menu prices increased 8%, and grocery prices surged 13.5%.

Americans can see the costs reflected in a wide range of products often bought daily or weekly. The price of eggs, for example, rose 2.9% last month and is up 39.8% over the past year. Prices for cereals and bakery products, meanwhile, rose 1.2% in August and are up 16.4% over the past 12 months. Milk, fruits, vegetables, meat, and poultry also became substantially more expensive over the past year. Chicken prices, to cite one food item, have jumped 16.6% over that period.

Have these increases caused you to change your spending habits? Here's your chance to weigh in:

Are rising food prices causing you to cut back or change what items you normally buy at the grocery store?

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