Posted 2/14/2024, 8:13:01 PM
Grocery Bills Biting into Household Budgets as Food Prices Outpace Inflation
- Average US household spends $1,080 per month on groceries, up from inflation
- Spending varies by state - highest in California ($1,190/month) and lowest in Wisconsin ($886/month)
- Inflation fell to 3.1% nationally in January, though food-at-home costs rose 2.6%
- High prices on essentials like gas and milk fuel pessimism about the economy
- Political tension ahead of 2024 election also affecting perceptions of the economy
