BillOfRights
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Economic News
- Thread starter nycfan
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- Politics
BillOfRights
Iconic Member
- Messages
- 1,322
BillOfRights
Iconic Member
- Messages
- 1,322
BillOfRights
Iconic Member
- Messages
- 1,322
Grocery prices rose at the fastest pace in three years, keeping pressure on household budgets even as overall inflation held steady in December.
Why it matters: The jump in costs highlights the challenge for the White House in the lead-up to midterm elections. Broad inflation relief is little consolation for Americans if they aren't seeing it reflected in grocery bills.
By the numbers: Grocery prices (or "food at home," as the Bureau of Labor Statistics calls it) rose by 0.7% in December, the largest monthly gain since the peak inflation period in August 2022.
Food inflation was evident at restaurants, too: Costs for dining out (or "food away from home") rose by a similar amount, the largest monthly gain in three years.
ChileG
Inconceivable Member
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As our resident MAGAs like to say, they support “some” of the tariffs.
The tariffs they support obviously aren’t the ones that are causing the stifling of jobs growth. They support the other ones.
Must have let Trump have a charge account.
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More evidence that the economy does better when a Democrat is in the White House...
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honestly, outside of the boomers and older gen-xers, who the hell shops at a department store anymore? The only time in the last 5ish years that I've even stepped foot into one was this past xmas when my GF needed to use the gift card she was given 3 years ago. We bought xmas presents for her young nephew and niece and left.