The Federalist

The Inflation Draining Your Wallet, Grocery Cart, And Gas Tank Is Far Steeper Than 8 Percent

When you hear ‘8 percent inflation’ bandied about but feel certain your costs are rising at a far higher rate, you’re not crazy.

According to the Bureau of Labor Statistics (BLS), in the average U.S. city, ground beef is up 14.9 percent since last March, boneless stew beef is up 24.3 percent, bacon is up 23.1 percent, boneless chicken breasts are up 17.6 percent, eggs are up 25.9 percent, milk is up 17 percent, frozen orange juice concentrate is up 18 percent, and ground coffee is up 15.8 percent. Meanwhile, fuel oil has jumped a whopping 71.5 percent, and utility gas is up 23.3 percent.