Ice cream is suffering from two scoops of inflation [june 2022]
The big picture: Ahead of National Ice Cream Day on Sunday, the latest Consumer Price Index found June ice cream prices were up 12.5% over last year and increased 3.1% from the prior month.
The overall CPI rose 1.3% in June alone, bringing the last year's price gains to a sizzling 9.1% — the fastest annual pace since November 1981, Axios’ Neil Irwin and Courtenay Brown report.
Yes, but: Inflation also has hit other dairy products.
Eggs were up 33.1% over last year.
Margarine is up 34.5% and butter 21.4% from last June.
Milk is up 16.4% from June 2021.
Biden blasted for telling reporter the economy is 'strong as hell' while eating ice cream in Portland
With a chocolate chip ice cream cone in his hand, Biden answered: "I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Our economy is strong as hell."
