XPost: alt.retail.grocery, alt.politics.economics, alt.politics.republicans   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns, sac.politics   
   From: democrat-criminals@mail.house.gov   
      
   https://news.yahoo.com/finance/news/inflation-grocery-prices-ticked-up-   
   slightly-in-august-but-egg-prices-continued-falling-151950291.html   
      
   Grocery bills stayed about the same in August.   
      
   Prices that consumers see at their local supermarkets such as Kroger (KR),   
   Albertsons (ACI), and others increased slightly in August, up 0.2% month   
   over month on a seasonally adjusted basis, according to the Bureau of   
   Labor Statistics' (BLS) August Consumer Price Index (CPI) released   
   Wednesday. Compared to last year, the cost of food at home rose 3.0%,   
   compared to a 3.6% increase in July.   
      
   Overall, consumer prices increased by 3.7% in August over the prior year   
   and 0.6% month over month, as energy prices caused inflation to spike.   
      
   America's largest grocer, Walmart (WMT), expects the pace of food   
   inflation to continue to slow, but it will take some time for prices to   
   come down to where they were two years ago.   
      
   "Inflation and higher prices are kind of with us," Walmart CEO Doug   
   McMillon said at the Goldman Sachs Global Consumer Conference in New York   
   City on Tuesday. "We'll see disinflation but not all the way back to   
   deflation. ... Certainly not in the short term."   
      
   What's driving higher prices   
   The meats, poultry, fish, and eggs category was one of the biggest drivers   
   of food inflation month over month. Prices for these items increased by   
   0.8% on a seasonally adjusted basis.   
      
   "Pork saw the biggest increase since November 2021," BLS economist Steve   
   Reed told Yahoo Finance. "Meat prices being [up] across the board — beef,   
   pork, poultry — was the most notable thing."   
      
   Prices of pork increased 2.2% last month and bacon prices jumped roughly   
   4%, while chicken prices jumped 2.1%.   
      
   Other items that saw price increases include fresh biscuits, rolls, and   
   muffins, which rose 2.7%; shelf-stable fish and seafood, up roughly 2%;   
   and salad dressing, up 2.1%. Ahead of Halloween, prices for sugar and   
   sweets saw a 0.6% uptick month over month.   
      
   Looking ahead, higher gas costs could also hit groceries once again.   
      
   "It's certainly reasonable to think that some of the higher gas fuel costs   
   could be having some effect on pricing," Reed said. "I don't think that   
   usually takes long to pass through."   
      
   Egg prices continue dropping as avian flu moves into rearview mirror   
   After a huge spike earlier this year, one area that continues to see price   
   declines is eggs.   
      
   The cost of eggs dropped 2.5% last month and is down 18.2% compared to the   
   same time period a year ago. The average price for a dozen large Grade A   
   eggs is currently $2.04.   
      
   Reed wasn't too surprised by the shift, saying that egg prices are "always   
   volatile."   
      
   Kevin Bergquist of Wells Fargo said the cost of eggs should stay   
   relatively stable; however, he added a side of caution.   
      
   "The most recent USDA egg wholesale numbers are showing a slight price   
   increase for producers in the last couple of weeks," Bergquist told Yahoo   
   Finance. "If producers are able to push this through to buyers at the   
   grocer level, and if this data is captured by the next CPI report, then   
   you could possibly see a very slight egg price increase, slight being the   
   keyword."   
      
   Trey Braswell, president of Braswell Family Farms, which is based in   
   Nashville, N.C., echoed that sentiment. Braswell told Yahoo Finance that   
   he expects prices to be "less volatile for consumers for a while" as long   
   as COVID restrictions don't begin again and "birds stay healthy."   
      
   Good news on the horizon, though: The avian flu appears to be behind us.   
   Bergquist said he is "not really" seeing the highly contagious avian flu   
   that impacted thousands of flocks and caused prices to spike 70% year over   
   year in January.   
      
   "There have been some notable [avian flu] incidents in the global Southern   
   Hemisphere, but the outlook for North America is cautiously optimistic,"   
   Bergquist added. However, we're not out of the clear yet, as "another   
   outbreak in 2024 is entirely possible," he said.   
      
   Additionally, an increase in baking in the fall and winter is another   
   potential factor for egg prices.   
      
   "October is the start of the holiday baking season when egg prices have   
   historically begun to increase," Bergquist said.   
      
      
   --   
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Durham Report: The FBI has an integrity problem.  It has none.   
      
   No collusion - Special Counsel Robert Swan Mueller III, March 2019.   
   Officially made Nancy Pelosi a two-time impeachment loser.   
      
   Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden   
   fiasco, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   President Trump boosted the economy, reduced illegal invasions, appointed   
   dozens of judges and three SCOTUS justices.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)