• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Bah Humbug! Biden’s Christmas Gift To America Is Going To Burn A Hole In Household Budgets
Business

Bah Humbug! Biden’s Christmas Gift To America Is Going To Burn A Hole In Household Budgets

December 20, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bah Humbug! Biden’s Christmas Gift To America Is Going To Burn A Hole In Household Budgets
Share
Facebook Twitter LinkedIn Pinterest Email

As President Joe Biden prepares to leave office in January, his administration’s legacy of surging inflation has delivered another year of increased Christmas food prices for Americans.

Various Christmas meal staples will be costlier this year, according to an end-of-year report from Expana, the world’s largest IOSCO-assured agrifood price reporting agency. Expana’s Main Meal Index, which tracks the prices of popular holiday grocery items such as shrimp, beef, pork, lamb, carrots and potatoes, increased by 2.3% year-over-year.

Expana’s “Gingerbread Index,” which follows the prices of wheat, sugar, butter, eggs, cassia and ginger, rose by 5.5% in November. The average price for bone-in hams also rose to $0.91 per pound last month — a staggering 8.3% increase from this time last year. (RELATED: ‘Election Interference’: Fed Leaves Trump With Parting Gift After Conveniently Cutting Rates Right Before Election)

The average marketplace prices of potatoes experienced a slight uptick in November as well, increasing by 1.6% year-over-year to $0.50 a pound, according to Expana. Meanwhile, turnips experienced a 1.4% price increase at $1.45 per pound, while sweet potato prices rose by an average of 2.6% in November, reaching $0.50 per pound.

(Photo by Scott Olson/Getty Images)

Prices have increased dramatically since President Joe Biden took office in January 2021, with inflation hitting a peak of 9.1% in June 2022 — the same year that food prices in the U.S. increased faster than any year since 1979, according to the United States Department of Agriculture. Although inflation has cooled throughout 2024, it has remained above the federal government’s 2% target — meaning many businesses and consumers in the U.S. have continued to experience financial strain brought on by the stubbornly high prices under the Biden-Harris administration. Some economists have attributed hefty government spending under the current administration to fueling high inflation rates.

See also  Amazon optimizes delivery network for speedier delivery, lower costs

The Consumer Price Index, a measure of the price of everyday goods, rose 2.7% in November, according to the Bureau of Labor Statistics (BLS). The food index also rose last month, increasing by 0.4%, the BLS data shows.

The index for meats, poultry, fish, and eggs increased by 1.7% in November, with the index for beef increasing by 3.1% and the index for eggs rising 8.2%, according to the BLS. The price of eggs alone surged year-over-year, costing $3.65 for a carton of a dozen large grade A eggs in November, which is up from $2.14 in November 2023, according to Federal Reserve Economic Data (FRED). The average cost of a dozen eggs was $1.48 in December 2020, according to FRED.

It’s not just increased food prices that are straining consumers — some dollar stores have recently reported softened demand and increased financial stress among their lower-income consumers. Many Americans are facing high costs when shopping for goods in preparation for this holiday season.

Despite the inflated prices, consumer spending during winter holidays this year is projected to reach an average of $902 per person — a record high — across food, gifts, decorations and other seasonal items, according to a survey from the National Retail Federation.

Other holiday-related goods increased in cost too, with consumers projected to spend an average of $79.31 on real Christmas trees this year, about $4 more than what they spent in 2023, according to Finder. Christmas tree sales have dipped the past few years as consumers have scaled back on discretionary spending, according to ModernRetail. Demand for Christmas trees in the U.S. is forecast to decline by 1.5% on an annual basis through 2028, according to a June report from Freedonia Group.

See also  ‘Runway Must Be Running Out’: Massive Government Spending Propping Up Economic Growth, Experts Say

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

America Bah Bidens Budgets Burn Christmas gift Hole household Humbug
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

JPMorgan bond chief Bob Michele sees worrying echoes 2008

June 10, 2023

Major trading platform CEO sees signs of a bond ETF revival

April 7, 2023

Kelly Osbourne Rips Prince Harry as ‘F**king T*at’

June 24, 2023

DeSantis Is Hitting The Reset Button After Months Of Campaign Woes. But Will It Work?

July 30, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Why did Lamar Jackson turn down Netflix’s ‘Quarterback’ role? Ravens’ $260,000,000 QB sets record straight 

July 30, 2023

‘Not What They Thought It Would Be’: Jesse Watters Says Media Has Miscalculated Impact Of Trump Mug Shot

August 26, 2023

NYC mayor bans height and weight discrimination, says body type has nothing to do with health

May 27, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.