Posted 3/25/2024, 1:39:12 PM
Food Prices Soar 25% in 5 Years, Forcing Americans to Alter Grocery Buying Habits
- Food prices increased 25% between 2019-2023, over 10 times the historical average inflation rate for food
- Food now makes up 11.3% of Americans' income, the highest level since the 1980s
- Americans now spend almost equal amounts on food at home vs food away from home
- Target the most inflated items like eggs, fats/oils, bakery while buying more pork, fish, fruits and vegetables
- Reduce waste, choose cheaper stores like Aldi or WinCo, use coupons/rewards, and consider growing some of your own food