Economic news

Grocery Prices Are Up Most Since 1979 and Other Inflation Sticker Shocks

2022.06.10 18:30

Grocery Prices Are Up Most Since 1979 and Other Inflation Sticker Shocks
© Bloomberg. A shopper carries oranges inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.

(Bloomberg) — So much for the idea that inflation had already peaked.

May’s consumer price index showed that inflation is still very much roaring in the US economy, straining fragile budgets even further. Costs for things from baked goods and haircuts jumped, underscoring the broad-based nature of price pressures.

Nearly every category in Friday’s report showed prices continued to rise at a rapid clip. Here are some of the highlights, or lowlights, rather:

While Americans can’t get around sky-high prices for necessities like food and gas, a few discretionary categories came off the boil — including for men’s pants and jewelry.

©2022 Bloomberg L.P.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,349.28 1.47%
ethereum
Ethereum (ETH) $ 3,338.70 0.39%
tether
Tether (USDT) $ 0.998623 0.12%
xrp
XRP (XRP) $ 2.17 0.05%
bnb
BNB (BNB) $ 697.80 0.43%
solana
Solana (SOL) $ 185.66 1.68%
dogecoin
Dogecoin (DOGE) $ 0.316328 0.40%
usd-coin
USDC (USDC) $ 1.00 0.10%
staked-ether
Lido Staked Ether (STETH) $ 3,335.46 0.39%
cardano
Cardano (ADA) $ 0.870929 0.09%
tron
TRON (TRX) $ 0.258322 0.52%
avalanche-2
Avalanche (AVAX) $ 36.66 2.62%
the-open-network
Toncoin (TON) $ 5.65 1.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,963.13 0.23%
chainlink
Chainlink (LINK) $ 21.18 7.43%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 0.13%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,185.23 1.54%
sui
Sui (SUI) $ 4.01 5.57%
bitget-token
Bitget Token (BGB) $ 8.17 13.65%
stellar
Stellar (XLM) $ 0.348385 2.42%
hedera-hashgraph
Hedera (HBAR) $ 0.273151 4.35%
polkadot
Polkadot (DOT) $ 6.84 2.60%
weth
WETH (WETH) $ 3,338.34 0.47%
bitcoin-cash
Bitcoin Cash (BCH) $ 440.56 1.06%
hyperliquid
Hyperliquid (HYPE) $ 25.87 2.94%
leo-token
LEO Token (LEO) $ 9.26 0.71%
uniswap
Uniswap (UNI) $ 13.10 4.00%
pepe
Pepe (PEPE) $ 0.000018 3.14%
litecoin
Litecoin (LTC) $ 99.56 4.00%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,522.85 0.40%
near
NEAR Protocol (NEAR) $ 5.15 0.53%
ethena-usde
Ethena USDe (USDE) $ 0.99766 0.03%
usds
USDS (USDS) $ 0.998711 0.24%
aave
Aave (AAVE) $ 323.53 5.34%
internet-computer
Internet Computer (ICP) $ 10.17 2.53%
aptos
Aptos (APT) $ 8.72 3.19%
crypto-com-chain
Cronos (CRO) $ 0.148384 2.17%
mantle
Mantle (MNT) $ 1.19 0.20%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.477059 1.63%
ethereum-classic
Ethereum Classic (ETC) $ 25.99 1.37%
vechain
VeChain (VET) $ 0.04547 3.18%
monero
Monero (XMR) $ 199.47 4.32%
render-token
Render (RENDER) $ 6.91 4.15%
whitebit
WhiteBIT Coin (WBT) $ 24.68 0.54%
mantra-dao
MANTRA (OM) $ 3.73 3.24%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.45 11.39%
dai
Dai (DAI) $ 1.00 0.12%
bittensor
Bittensor (TAO) $ 463.22 2.36%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.29 0.50%
arbitrum
Arbitrum (ARB) $ 0.752985 1.55%