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Inflation hits the family food basket in the US

Santo Domingo, DR.

High food prices impact the pockets of Americans, a behavior that, according to a list of supermarkets cut in June 2022, is reflected in practically all the goods in the basket of food products of agriculture and agribusiness.

How much does a basic food basket cost in New York, Los Angeles, Chicago, Houston, Las Vegas, Boston Seattle, San Francisco, Washington, Miami, San Diego, Baltimore, Dallas, Phoenix, Orlando, Denver, New Orleans, Philadelphia and Detroit? In the case of a kilogram (kg) of onion, the average price in food stores is US$264.

One kilogram has a weight of 2.2 pounds, which calculated at a price of RD$57 for one dollar, the final value of a pound exceeds RD$68.

The item, therefore, is more expensive in supermarkets in these US cities. The same upward behavior is reflected in the prices of 1.5-liter bottled water, potatoes that cost an average of US$2.64 per kilogram, salad tomatoes cost between US$4.00 and US$4.10 on average per kilogram and bananas at US$1.59 and US$1.60 per kg.

A kilogram of fresh cheese costs US$11.30, a dozen eggs US$2.60, a kilogram of bread US$2.80, a kilogram of milk US$0.90.

A kilogram of apples is worth US$4.70, of beef US$13.60, which means that 2.2 pounds would be worth RD$352.36 if calculated in Dominican pesos at a rate of RD$57 per dollar. A kilogram of sausages is worth US$21.00, a kilogram of rice US$4.00 and if it is chicken meat, other reports show a price between US$289 and US$2.99 ​​per pound of whole raw chicken. Prices are also collected by local media . The Los Angeles Times publishes lists of food groups, including beers and water.

In BJ’s. in Newark, New Jersey, a gallon of cow’s milk is $4.55, two two-carton packages of 18 eggs are more than $10.99, and so on, excluding tax. The cheapest pound of chicken is worth US$1.69, because in this place it is sold cheaper than in other similar establishments.

Here at Bj’s.se you can buy 8 pounds of rice for US$13.52. If it’s from the Canilla brand, a 25-pound bag is worth US$22.99. Other brands offer 25 pounds for $26.99 and 20-pound bags for $15.49

IPC

The Consumer Price Index (CPI) reflects a rise of 1% in May for all items. Housing, gasoline and food predominate according to statistical data from the United States Labor Office, which reports that 12-month annualized inflation reached 8.6% in May 2022. Outside of food, the price increase was 0.6% in May and 6% during year.

The upward impact is felt in the prices of gasoline and other fuels. In Dallas, Texas, a liter of gasoline costs US$1.32, about US$5 per gallon. There are states where the price of gasoline exceeds US6.

Report from AFP

In the month-to-month comparison with April, the increase in prices was 1.0%, while between March and April the rise was 0.3%, which figure is higher than expected by analysts, according to a report by the French Press Agency (AFP).

The experts questioned by the Bloomberg agency anticipated a stable annualized inflation in relation to the April record. In the month they expected an increase of 0.7%. In the case of gasoline, it reports an increase of 4.1% in May, while housing, plane tickets and vehicles also rose in price. Items such as medical care, furniture, leisure and clothing had increases. Energy prices increased 34.6% in one year, their biggest increase since September 2005. Food prices had their biggest increase since March 1981, with a rise of 10.1% in 12 months.

CHRONO

chickens

Chicken meat, per unit, registered an upward variation over the weekend, in relation to the previous week and the previous year, according to USDA retail data.

Eggs

US Agriculture presents carton prices for new 12, 18 units of both the white and brown types, with an average value of US$4.99, of the double A (AA) grade. Also of other types.

Report

The United States Department of Agriculture’s Agricultural Marketing Service offers a wide variety of retail and market prices nationwide.

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