RIGHT SPEAK: Americans Families $6K Poorer Thanks to Joe Biden’s Inflation, Up from $4.2K; No Veggies for You! Food Inflation Surges as Eggs, Pasta, Vegetables, and Grains Get Even More Expensive; Sugar, Cakes, Cheese, and Joe Biden’s Ice Cream All Soar

Study: Americans Families $6K Poorer Thanks to Joe Biden’s Inflation, Up from $4.2K:

American families have lost $6,000 in annual wages thanks to President Joe Biden’s soaring inflation, a Heritage Foundation study revealed over the weekend.

The loss in wages represents a $1,800 increase from September, when American families had lost $4,200 in annual wages under Biden.

“People are just absolutely being crushed,” Heritage fellow E.J. Antoni told Fox Business. “It’s not the price of caviar and yachts that are driving these numbers. It’s necessities, it’s staples. It’s things like eggs, milk, flour, soup. These are things that are up 20 or 30 percent year-over-year.”

“All of those additional costs are now creeping into the rest of the economy, essentially,” Antoni added. “I really don’t see much good news any anywhere I look, unfortunately.”

Inflation is at record highs despite Biden’s attempt to reduce inflation through the so-called “Inflation Reduction Act,” which some experts say was not intended to reduce soaring costs. The Consumer Price Index (CPI) in September rose 8.2 percent compared to a year earlier. Compared to a month ago, prices were up 0.4 percent, twice what forecasters had expected.

“Inflation was 1.4% when Biden took office — it was essentially non-existent,” Antoni continued. “And somehow, in just 18 months, he ran it up to over 9%. Again, it really is like these people live in a fantasy world. It’s mind-boggling.” --->READ MORE HERE

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No Veggies for You! Food Inflation Surges as Eggs, Pasta, Vegetables, and Grains Get Even More Expensive:

Food prices surged in September, propelling the producer price inflation gauge higher than expected.

The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.

Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.

Here are some of the biggest price jumps.

> Fresh and dried vegetables: up 15.7 percent for the month and 40.2 percent for the year.
> Grains: up 10.7 percent for the month and 30.4 percent for the year.
> Fresh eggs: up 16.7 percent for the month and 97.3 percent for the year.
> Bakery products: up 0.8 percent for the month and 14.0 percent for the year.
> Pasta: up 1.1 percent for the month and 34.1 percent for the year.
> Finfish and shellfish: up 2.5 percent for the month and 2.9 percent for the year.
> Processed fruits and vegetables: up 2.6 percent for the month and 16.0 percent for the year.
> Dairy products: down 1.6 percent for the month but up 18.2 percent for the year.
> Soft drinks: up 1.9 percent for the month but up 15.8 percent for the year.
> Pork: up 5.5 percent for the month but down 2.0 percent for the year.
> Fresh fruits and melons: down 1.2 percent for the month but up 20.7 percent for the year.
> Turkey: up 0.5 percent for the month and 38.2 percent for the year.