Food Prices Climb To Highest Level In Decades In North Carolina And US
It’s not just your imagination, food prices have gotten a lot more expensive. Feeding one’s family in the United States has become a costly affair. In the 12-month period ending…
It's not just your imagination, food prices have gotten a lot more expensive. Feeding one's family in the United States has become a costly affair. In the 12-month period ending in November, the average price for groceries in the U.S. has risen by 6.4 percent, the Bureau of Labor and Statistics reports.
The figure marks the country's biggest spike in grocery prices since 2008, according to the Bureau. That's not to say going out to eat is any less expensive. Restaurant food prices have climbed 5.8 percent over the same 12-month period, the agency reveals. Meanwhile, average consumer prices -- meaning the cost of just about everything else -- have seen a 6.8 percent increase over the past year -- marking the highest rate of inflation in 39 years, according to the Labor Bureau. That translates to about $4,000 in extra yearly costs for each American family.
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