inflation

Biden’s Food Stamp Expansion Linked to Spike in Grocery Prices -Report

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A recent report by the Foundation for Government Accountability (FGA) has linked the Biden administration’s expansion of the Supplemental Nutrition Assistance Program (SNAP) to a significant rise in grocery prices. The report, released on Thursday, suggests that the largest permanent increase in SNAP benefits in 2021 has contributed to a nationwide surge in food costs. The Biden administration, in 2021, implemented the most substantial permanent increase in SNAP benefits since the program’s inception, raising benefits …

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Mississippi River at record lows, choking movement of goods, increasing prices

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Drying Mississippi River Threatens U.S. Supply Chain – The Wall Street Journal In the aftermath of a severe drought, the Mississippi River is at its lowest level for decades, and that is impacting everything from shipping to drinking water along the nation’s second-longest river. The Mississippi River levels are at their lowest level in almost 70 years, according to George Flaggs. It is really having an impact on the local economy as a result of …

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Inflation unexpectedly jumps, stock market tanks

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Consumer prices rise unexpectedly in August, sending stock market tumbling – ABC News Despite falling gas prices, US inflation ticked up in August, according to data released by the Bureau of Labor Statistics Tuesday. The Consumer Price Index, which measures prices for a basket of consumer goods and services, showed a 0.1% increase from July. The inflation rate was expected to fall by 0.1% from July to August, after remaining steady at 0% growth between …

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