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.

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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