by Aliya Uteuova
The Guardian
Back in 2019, $100 worth of groceries may have lasted a week for a household of two. Today, that same $100 will probably only buy enough groceries to stretch for a couple of days.
In the last four years, food prices have increased a whopping 22%, and consumers are feeling the pinch.
Even though inflation has recently fallen below 3% for the first time since 2021, food prices remain stubbornly high, and are still predicted to increase. Some food companies such as General Mills are continuing to raise prices of their products 4% this year, with profits jumping to $670.1m. Kellogg’s raised the price of cereal by 12%.