I’m Tyne Morgan with today’s AgDay Minute.
Consumer Prices in the US have jumped to their highest levels in nearly 40 years. The Bureau of Labor Statistics reported consumer price inflation rose by 6.8-percent for the year through November. The report also says that gas prices soared by more than 58-percent. The biggest hike since 1980.
Groceries are up 6.4 percent, the largest increase since December 2008. The increases attributed, in part, to climbing housing costs, supply chain disruptions, and rising consumer demands due to the pandemic. But it appears some people have more money to spend. It’s reported US household net worth climbed to a fresh record in the third quarter, ending the period at almost 145-trillion dollars. That’s up 1.7 percent from the previous quarter. It’s being helped by soaring prices for stocks, real estate, and other assets.
Many people are looking forward to spending their money on K-F-C’s iconic 11-herbs and spices firelog. It is now up for sale again at Walmart.com. It will cost you about 16-dollars. With your purchase, you can also enter to win what the company calls a “once-in-a-lifetime K-F-C-themed vacation getaway.” It includes a three-day, two-night stay for up to eight people in a 7-thousand square foot, three-story luxury log cabin In Kentucky.
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