Rising food prices, along with escalating energy costs, helped push U.S. inflation to a 31-year high in October with the Consumer Price Index jumping 6.2 percent.
“Food prices for both groceries and dining out rose by the most in decades,” The Wall Street Journal reported.
The U.S. Bureau of Labor Statistics reported on Nov. 10, 2021, that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in October on a seasonally adjusted basis after rising 0.4 percent in September.