September 23, 2022
(press release)
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The following information was released by the
Americans are turning to vegetarian and vegan lifestyles to offset the skyrocketing cost of meat, reports Bloomberg. Although vegetarianism and veganism have gained popularity over the past few years, lately the reason for people switching to these ways of eating has been because they are more worried about stretching their dollars than about health, ethical and environmental concerns. The cost of meat, including beef, fish and poultry, was up 8.8% year over year last month. A pound of steak is
One woman, based in
"It's better for the environment, and it's cheaper," she told Bloomberg. A single mother in
Some families are getting more creative to cut down on their grocery bill, reports the
Even smaller families are using this method to cut costs. A husband and wife in
Now instead of
With prices getting higher at the meat counter, theres definitely been more direct interest from consumers, said
Meat sold directly to the consumer is much cheaper than buying on grocery store shelves.
Inflation last month rose 8.3% over
Month over month, the core Consumer Price Index rose 0.6% in August, which was double Julys pace. Core inflation is closely watched by investors and policymakers because it can replace broad, underlying inflation and predict future inflation. Gasoline prices were down 10.6% in August, but high food prices, new vehicles, medical care, education, electricity and natural gas offset the drop in fueling up. Both food and new vehicle costs were up 0.8% in August over July.
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