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80% of Americans say grocery costs have notably increased
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.
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#Economy #Groceries #Inflation
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