New government inflation data shows the rate of price increases for food is subsiding.
by Lorie Konish
CNBC.com
The rate of price increases for food has subsided in recent months, according to the latest government inflation data.
However, shoppers still report feeling burdened by the prices they’re seeing in the grocery store aisles. To that point, within the past few years, 80% of Americans say they’ve felt a notable increase in the cost of groceries, Intuit Credit Karma reported last month.
Since the start of the pandemic, grocery prices have risen 25%, the report also found.
Some consumers have had to sacrifice necessities to afford food, the personal finance company found.