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Food Inflation Hitting Hard and Gallon-Sized Cans of Food Showing Up Early?

By Raymond mhor

 

More than four in ten Americans have been forced to cut back on everyday habits and items, including the number of groceries they purchase due to inflation.

Food costs are rising and continue to rise.

The cost to eat at a restaurant is up 10.4 percent.

And get this, food costs for the home have risen 12.2 percent.

The primary factor attributing to this is inflation.

According to a Wednesday analysis from Republican members of the Joint Committee on Taxation, rising prices due to inflation have robbed the average American family of approximately $700 a month.

“Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families,” the analysis said.

If you do the math, that comes to $8,400 of lost buying power for the average family.

 

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