![]() Each month, the USDA publishes its official food plans. That said, we can look at averages and common spending patterns. Also, people on a tight budget necessarily spend less on groceries than people who can afford to buy any food they want. Per-person food costs are lower when you buy for more people, compared with shopping for someone who lives alone, so big families spend less per person. ![]() Keep in mind that there is no published food budget that is meant to be perfect for everyone. Egg prices jumped 49% due to the deadliest outbreak of avian flu in U.S.Energy prices are up 13% in the U.S., caused in part by Russia’s invasion of Ukraine and Russia limiting natural gas exports.Sunflower seed oil prices rose 63% and rapeseed oil rose 65% because of global supply issues and high demand.Wheat and barley prices rose 31% in 2021 due to bad weather.Why food prices are risingįood costs rise for many reasons. So while cutting back on caviar might be a no brainer, buying less milk, bread, and veggies might not be an option. Staples - everyday food items - account for most of the food eaten at home. Meats, poultry, fish, and eggs – up 6.8%.Here’s how much more you’re paying now compared to a year ago: Many of us are spending more of our pay on food compared to last year. Meanwhile, average hourly earnings increased only 5% over the same period. But the statistics are shocking.įrom November 2021 to November 2022, “food at home” (not including restaurant meals) prices shot up by 12%. If you don’t track your grocery budget, you may have only a vague impression of rising prices. Fighting inflation is difficult, but there are ways to save money on groceries. Inflation is causing most bills to go up. In the U.S., the average annual grocery bill for a family of four is $15,021, according to USDA figures for a moderate-cost meal plan.
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