A Wall Street Journal analysis merely validated what every American says: grocery prices have been at a record high since Biden began office.
Consumers had to be creative to survive.
“A Benjamin just isn’t what it used to be,” remarked Stephanie Stamm and Jesse Newman of the Journal.
The news outlet also provided graphs that show an average $100 grocery list is now 36.5 percent worth more than five years ago, or $140 today.
According to the Labor Department, grocery prices were up by 1 percent in February, in contrast to the previous year. Moreover, in February 2023, food prices were up by a shocking 10.2 percent compared to 2022.
Since 2019, the cost of hundreds of grocery items has skyrocketed by more than 50 percent. According to food companies, they had to raise the prices of goods to offset the rising costs of ingredients, transportation, and labor.
Some food prices surged to outrageous levels, such as eggs, which increased by 63 percent or more, while sports drinks were up by 80 percent.
“Some U.S. lawmakers and the Biden administration have criticized food companies for using tactics such as shrinkflation, in which companies shrink their products—but not their prices,” the Journal reported.
To be able to sustain their daily needs, consumers buy cheaper versions of the products they used to buy or wait for sales, coupons, and deals before purchasing.
One grocery shopper, Sharon Faelten, 74, remarked that grocery shopping days for her were as if she were foraging during an apocalypse.
“Chicken is always on sale somewhere,” Faelten said, sharing how she was able to keep her fridge stocked amid inflation.
Meanwhile, ABC’s “Good Morning America” featured the outrageous price hikes at grocery stores during a segment on their show last Friday.
The show set up two tables to demonstrate what Americans can purchase for a Benjamin from March 2019–2020, in contrast to March 2023–2024.
Strahan, one of the hosts, remarked, “Wow,” when ABC News chief business, technology, & economics correspondent Rebecca Jarvis presented the prices.
“You’re getting about 30% less these days for your money,” Jarvis said. “$100 [of groceries] then would now cost you about $130.”
“I’m a little surprised by how much you don’t get now that you got just, what, four or five years ago,” Strahan said.
“It is such a contrast, and that is how people are feeling it,” Jarvis replied. “Inflation has come down; that means the prices aren’t going up as fast, but it is a big difference from a few years ago.”
However, many audience members questioned how “Good Morning America” failed to mention that the rise in prices occurred during the Biden administration and instead turned to consumers to find ways to mitigate the problems resulting from Bidenomics.
Even the Bureau of Labor Statistics could not deny that the prices of food have surged by 21 percent in the last three years.
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Author: The Raging Patriot
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