Grocery Bills Biting into Budgets as Food Prices Soar Under Biden

Inflation rose 0.4% in February, higher than expected, while prices for goods like gas and eggs remain above 2021 levels when Biden took office

Food prices for items like butter, chicken, bread, and sugar have increased significantly (between 26-44%) since Biden assumed office in January 2021

Ongoing issues like supply chain disruptions, grain shortages due to Ukraine war, and higher wages are driving up grocery prices

Housing and gas prices were the biggest drivers of inflation in February, though food prices remained unchanged

Fed is looking for more signs of inflation decline before considering interest rate cuts, while administration claims economy is booming despite high grocery bills