Food Costs Eat Into Your Income at a Level Not Seen in 30 Years

8 months ago 23
Eating costs more in Biden's America. The last time this much of your income went to buying groceries was 30 years ago. Inflation may be ebbing but food costs are not. Don't look for relief any time soon. Restaurants and food companies are dealing with rising labor costs and the rising costs of some ingredients, like cocoa Prices at restaurants were up 5.1% last month compared to January 2023. Grocery costs increased 1.2% during the same timeframe. The sad fact is that once food items go up in price, they don't come back down. Shoppers have to adjust to the...
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