Consumers are getting hit in the wallet on food bills.
Food prices were found to out pace regular inflation in a recent post by EconomicPolicyJournal.com. The top 20 items were posted that have seen the biggest pice increase. Here’s the overall food inflation data:
Between 2006 and 2016, the price of food has increased by 27.8%, outpacing the 21.9% inflation rate. The prices of some goods and popular consumer items have also surged to a much greater degree.