Grocery prices rise 3.6%, food prices 4.9%, surpassing overall 3.2% increase of consumer prices

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Food and Gas Prices Continue to Rise, Putting Strain on Americans’ Budgets

Gas prices have risen significantly in recent weeks, according to pricing data from AAA. Gas prices hit a record high earlier in the Biden administration, surpassing an average of $5 per gallon nationally, before dropping back down.

Now they are rising again, currently at $3.85 per gallon of regular gas, up from $3.82 a week ago and $3.57 a month ago. In the last month, diesel prices have risen from $3.86 per gallon to $4.13 per gallon.

Food prices have risen as well. The U.S. Bureau of Labor Statistics last week released its Consumer Price Index and Producer Price Index, two key markers of inflation that showed prices rose less than half a percentage point last month.

 

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