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The Economics Daily

Food prices up 10.8 percent for year ended April 2022; largest 12-month increase since November 1980

May 17, 2022
For the year ended April 2022, the Consumer Price Index for All Urban Consumers increased 8.3 percent. Over that period, prices for food at home increased 10.8 percent, the largest 12-month percentage increase since the period ending November 1980. Prices for food away from home increased 7.2 percent for the year ended April 2022, the largest over-the-year percentage increase since an 8.0-percent increase in November 1981. Full Text »

Recent TED articles

Monthly Labor Review

PPI and CPI seasonal adjustment during the COVID-19 pandemic
Blake Hoarty, Steven M. Muri, Daniel J. Pallotta, Marie Rogers, Jonathan C. Weinhagen, Jeffrey S. Wilson

Retail trade is one of the largest and most closely followed industries in the U.S. economy. Retailers enable producers to sell their merchandise to consumers, and their activities are closely tied to broader trends in consumer confidence and spending measures. During the COVID-19 pandemic, retail trade experienced sharp declines in employment and output as many retailers and consumers began to engage in contactless shopping and curbside pickup.
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