Consumer Price Hikes Cool a Bit in August

Consumer prices rose 5.3% year over year in August after climbing 5.4% for the 12 months ended in July. Retail beef prices are up 12.2% over August 2020 levels.


Consumer Sentiment Collapsed in August, Finds U of Mich. Survey

The University of Michigan's Consumer Sentiment Index fell 13.4% from July and is down 5.1% from August 2020.

Processed and unprocessed food prices slid in July from June but remain largely above July 2020 levels. For the entire U.S. economy, wholesale prices climbed 7.8% year over year in July.

Prices for meat, poultry, fish and eggs continued their climb, as protein prices rose for the seventh month in a row.

The U.S. economy added 943,000 jobs in July and the unemployment rate fell to 5.4% as restaurants and bars saw big job gains. Food and beverage stores, meanwhile, lost 2,000 jobs after shedding 13,000 jobs in June.

Food-at-home prices rose 0.8% for the month, up from 0.4% in May, as prices for beef and other proteins continued to trend higher.

With more U.S. consumers getting vaccinated and venturing out to more fully reopened restaurants, grocery stores' price increases slowed in April.

Ten killed, including responding Boulder Police Department officer; police say there is no ongoing threat to the public.

Food and beverage stores posted modest job gains as general-merchandise stores recovered some of the jobs shed in January.

Food and beverage stores added more jobs in January than they did in December, according to BLS data, while warehousing and delivery jobs declined for the month.