The prices of food consumed at home rose 1% in May from April even as overall prices declined 0.1%, according to seasonally-adjusted figures from the Bureau of Labor Statistics. The increase was driven mainly by a 3.7% increase in meat, poultry, fish and eggs. Beef and veal got a lot more expensive in particular: Consumers paid nearly 11% more in May, the largest ever monthly increase. The price increase for certain types of meat was even more dramatic: uncooked beef roasts soared 19.
Plants are opening back up, but at Tyson, one of the country's biggest meat processors, meat production was still below pre-pandemic levels at the beginning of May, Bernstein analysts said in a research note. "Based on our estimates, [about] 55% of Tyson's pork production capacity and [about] 36% of its beef capacity were completely idled as of May 1," Bernstein food analyst Alexia Howard wrote in the recent note.
Feels like a hell of a lot more than that.
Burn it all down then. 😃
Well Twist Me Nipple Rings... Cuomo killed people in nursing rooms and now he's letting people die in the riots.
Yes this is not news to real people who have to be concerned about the cost of food
Your math is jacked! Typical grocery bill was 175 now its 250.
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