Biden Makes Food UnAffordable For Americans

We have learned that inflation slowed down in July however it still remains at a decades high level. This problem continues to torment Americans who are struggling just to make ends meet.

According to Fox News, the Labor Department found that consumer price index which measures gasoline, groceries and rent rose by 8.5% in July compared to the same time last year.

One major problem for Americans right now is their ability to purchase groceries. Prices for food rose once again by 1.1% for the month and food prices have risen by 10.9% on an annual basis.

What’s even more shocking is that only from June to July prices on many food items have risen like crazy. Here’s how much prices have risen in just one month: potatoes (4.6%), flour (4%), eggs (4.3%), bread (2.8%), coffee (2.7%), cheese (2%) and bacon (1.4%)

RSM chief economist Joe Brusuelas explained, “Food costs continued their steady march higher increasing by 1.1% and are up 10.5% from one year ago. While we are encouraged by the easing in commodity, energy, and gasoline prices, the increase in food and the jump in the cost of housing both will continue to act as a drag on overall household disposable income.”