After months of climbing, food inflation reaches 6.3 percent

Meat prices fell in the final weeks of 2021, but food inflation climbed again, to an annual rate of 6.3 percent, said the Labor Department on Wednesday. The overall U.S. inflation rate of 7 percent for the past 12 months was the highest since June 1982.

Calfornia is late with rules for Prop 12, ‘world’s strongest’ animal welfare law

More than three years ago, California voters approved Proposition 12, guaranteeing sows, veal calves and egg-laying hens more room to move about and barring the sale of eggs, veal and pork from farms, even in other states, that do not comply with the new standards. The law went into effect on Sunday, although state officials were still working on a final set of regulations.(No paywall)

Year-on-year food inflation is highest since 2008

Pushed by high meat prices, the Food Price Index will surge by 3.5 percent this year, its largest increase since the 5.5 percent rise in 2008, said the USDA on Tuesday. Food prices typically rise about 2.4 percent a year.

White House points inflation finger at meatpackers

Grocery prices are climbing at their fastest pace since 2008, with beef, pork and poultry leading the way — up nearly 13 percent since last November, said the government's new inflation report. The White House pinned the blame for surging meat prices on meatpackers "taking advantage of their market power to raise prices while increasing their own profit margins."

Demand for food aid stays high in second year of pandemic

The pandemic sent millions of Americans to food banks for help last year and the crush continues this year, said a food bank leader at a House hearing on USDA food donation programs on Wednesday. Feeding America, the largest food bank network in the nation, asked for a 45 percent funding increase for The Emergency Food Assistance Program, which buys U.S.-grown food and gives it to food banks to alleviate hunger.

Thanksgiving dinner will cost more. But how much?

Americans can cook the classic Thanksgiving meal featuring roast turkey and pumpkin pie for $5.33 a person, according to an informal survey of supermarket prices. But while all sides agree that ingredients for the meal will cost more this year, there is a wide range of viewpoints on how large the increase will be.

Food a factor in highest inflation rate in three decades

With the U.S. inflation rate at 6.2 percent — the highest it's been since 1990 — President Biden said the government was on the alert for price gouging as it worked to remove bottlenecks in the supply chain. Inflation has been on the rise since February, and soaring food prices, often led by meat, are an important factor.

High food prices have consumers and aid agencies scrambling

As food prices continue to rise, consumers around the country are being forced to adjust their habits and aid agencies are ramping up support. Overall, food prices were 4.6 percent higher in September than a year ago, driven largely by surging prices for meat, poultry and fish, which were up 10.4 percent, according to the Consumer Price Index.

Food prices rise, outpaced by U.S. inflation rate

Pulled by strong meat prices, September food prices were 4.6 percent higher than a year ago, said the Labor Department on Wednesday. The monthly Consumer Price Index report said the annual U.S. inflation rate was 5.4 percent in September, compared with 5.3 percent in the preceding month.