Soaring food prices worry lawmakers as global hunger rises
by Tobias Burns - 05/11/22 6:36 PM ET
Skyrocketing food prices are alarming lawmakers, who worry about the mounting impact on U.S. consumers and rising hunger around the world.
On Wednesday, the Labor Department reported an annual leap of 9.4 percent in food prices as of April, representing the largest 12-month increase since 1981.
Republicans jumped on the latest inflation data to sharpen their attacks against President Biden, who they blame for inflation across the consumer spectrum.
Wednesday’s numbers are “more bad news for workers and local businesses,” Rep. Kevin Brady (R-Texas), the ranking member of the chief tax-writing committee in the House, said in a statement.
“April was another month of raging Bidenflation – punishing price hikes, core inflation worsening and paychecks shrinking. If the President claims inflation has peaked, someone ought to remind him that’s what he claimed last year and was horribly wrong.”
more
https://thehill.com/policy/finance/3485281-soaring-food-prices-worry-lawmakers-as-global-hunger-rises/
