Consumer Food Prices Soar Most Since 1974: Prices Rising for Fruits, Veggies, Bread, Eggs, and Pasta

U.S. consumers faced higher prices for food in July, undermining Biden White House claims that inflation ran at zero in the month.

The Bureau of Labor Statistics Producer Price Index showed on Thursday that consumer food prices charged by U.S. producers rose two percent in July compared with the previous month. Compared with a year ago, consumer food prices are up 15.8 percent, the highest year-to-year rate of inflation since 1974.

That’s an even higher level of food inflation than was reported in the Consumer Price Index released on Wednesday.  It showed prices for groceries rising 1.3 percent compared with the prior month and up 13.1 percent compared with a year ago, the most since 1979.