Posted 4/5/2024, 8:50:00 PM
Grocery Prices Up 21% in 3 Years, Hitting Lower Income Households the Hardest
- ABC News highlights significant grocery price hikes over the past 4 years, with $100 buying 30% less food now compared to 2019
- Food inflation hit 67% of voters the hardest out of any category in recent survey
- Lower income Americans disproportionately affected, spending 30% of income on groceries
- Grocery prices increased 0.4% in January 2023, faster than overall inflation rate
- Food prices up 21% in the past 3 years according to Bureau of Labor Statistics data
