Bushonomics 0
The Philadelphia area was in the same boat, seeing grocery prices rise 1.2 percent from February to April. Unlike the national data, the Bureau of Labor Statistics studies regional inflation figures every two months.
The bad news is being felt in food categories most consumers know and love: bread, milk, butter – even coffee. They are staples people buy every week. The kinds consumers cannot help but notice are costing more.
Agricultural economist Annette Clauson said the uptick in prices in core food categories was feeding shoppers’ anxieties as they also shell out bigger bucks for other routine outlays that, not so long ago, seemed more affordable.
Meanwhile,
Nevada, Arizona, California and Florida were among the hardest hit states, with metropolitan areas in California and Florida accounting for nine of the top 10 areas with the highest rate of foreclosure, the company said.
Irvine, Calif.-based RealtyTrac monitors default notices, auction sale notices and bank repossessions.
One in every 519 U.S. households received a foreclosure filing in April. Foreclosure filings increased from a year earlier in all but eight states.
But don’t worry
The price was averaging $3.78 today in the five-county Philadelphia region and $3.62 in South Jersey.
At the national level, the average was $3.78.
The price of diesel also moved up several cents overnight.
Dick Cheney’s oil buddies are doing just fine.
