Source: Chuck Abbott, SUCCESSFUL FARMING, 12/13/21


Grocery prices are climbing at their fastest pace since 2008, with beef, pork, and poultry leading the way — up nearly 13% 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.” The monthly Consumer Price Index showed grocery prices were 6.4% higher than a year ago, part of a U.S. inflation rate of 6.8%, the sharpest 12-month increase since June 1982.

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