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.
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: