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(CNSNews.com) – The price of food has climbed by 15.57 percent since President Joe Biden took office in January 2021, according to data released today by the Bureau of Labor Statistics.
In January 2021, the food price index for all urban consumers was 270.938. As of this September, it was 313.142.
That is an increase of 42.204–or 15.57 percent.
In just the past year—from September 2021 to September 2022—food prices have increased 11.2 percent, according to BLS.
The prices that Americans are paying to have food at home has increased more over the past year than the prices they are paying for food away from home.
“The food at home index rose 13.0 percent over the last 12 months,” said the BLS.
“The index for cereals and bakery products increased 16.2 percent over the year and the index for dairy and related products rose 15.9 percent,” it said. “The remaining major grocery store food groups posted increases ranging from 9.0 percent (meats, poultry, fish, and eggs) to 15.7 percent (other food at home).”
By contrast, according to BLS: “The index for food away from home rose 8.5 percent over the last year. The index for full service meals rose 8.8 percent over the last 12 months, and the index for limited service meals rose 7.1 percent over the same period.”
The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.