Food inflation rate is up while U.S. rate inches down

Food prices mushroomed by 11.4 percent in the past year, said the government’s monthly inflation report on Tuesday. August was the 15th month in a row the food inflation rate increased, starting from 2.2 percent in May 2021. The annualized U.S. inflation rate of 8.3 percent for the 12 months ending in August was down… » Read More

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