(H/T Center Square)The costs of goods and services rose at above-normal rates again in October, as new federal economic data released Tuesday show inflation continuing to impact the U.S. economy.
The Bureau of Labor Statistics reported that the producer price index, a figure that measures wholesale prices, grew another 0.6% in October, after increasing 0.7% in August and 0.5% in September. Overall, the figures show that inflation has grown 8.6% in the past 12 months ending in October, tying a record set earlier this year.
That rise in inflation means everyday goods and services are more expensive for Americans. BLS said gasoline and food helped drive this latest increase.
People will notice when the price of groceries goes up, when they have to pay more at the pump, and when it’s costing significantly more to heat their homes. They’ll notice the supply disruptions when they cannot find what they are used to finding — especially during the holiday season. There is no hiding this problem and it is not going away soon.
Here is the list of price changes that Americans will experience during this Thanksgiving.
Your Thanksgiving will cost more thanks to #Bidenflation.
Poultry: +7.5% since last year
Ham: +7.6%
Beef Steak: +24.2%
Spices: +4.9%
Rolls: +4.8%
Crackers & Bread: +7.5%
Canned Veggies: +6.6%
Potatoes: +1.7%
Coffee: +4.7%
Cakes & Cupcakes: +6.6%
Apples: +6.7%— Jacki Kotkiewicz (@jackikotkiewicz) November 10, 2021
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