Americans last month saw the biggest increase in their food bills in 40 years amid rising labor and energy costs, as well as global supply chain issues.
In May, the food price index increased 10.1 percent compared to the same time last year. That's the first increase of more than 10 percent since 1981, the U.S. Bureau of Labor Statistics reported Friday.
, meaning there are more job openings than employers are able to fill. Businesses have offered higher wages as a result — costs that ultimately get passed on to consumers.. For firms that transport large quantities of food, those prices are even higher: The cost of diesel fuel has climbed even higher than regular gasoline amid shortages in refining capacity.
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