80% of Americans say grocery costs have notably increased

11 months ago
59

Although the rate of food price increases has slowed recently, many shoppers still feel burdened by high grocery costs.

According to a report by Intuit Credit Karma, 80% of Americans have noticed significant grocery price hikes in the past few years, with prices rising 25% since the pandemic began.

Some consumers have had to forego necessities to afford food, with 28% sacrificing rent or bills, 27% skipping meals, 18% considering food stamps, and 15% relying on food banks.

Despite this, 53% earn too much to qualify for government assistance but still struggle to afford essentials, CNBC has reported.

read more: https://www.cnbc.com/2024/06/17/80percent-of-americans-say-grocery-costs-have-increased-since-pandemic-started.html

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