Food Inflation Reaches Historic Levels

A major problem that has dogged the Biden-Harris administration from the beginning becomes apparent when Americans browse the supermarket aisles and encounter price shocks at every turn: inflation is still having an impact.

Not just any inflation, but the sort that affects grocery costs, is the focal point of every family’s kitchen.

The figures provide a bleak picture. It is understandable that voters’ main concern, according to polls, is inflation. The price of “food at home,” which is bureaucratese for groceries, has increased by more than 21% under the Biden-Harris administration.

According to a new YouGov survey, a startling 77% of Americans believe that inflation is a “very serious” issue. According to a Financial Times study, inflation is one of the top three drivers of personal financial stress for 78% of registered voters.

Food inflation is the primary cause of voters’ concerns about price increases. According to a Financial Times study, 78% of respondents claimed that the cost of food was significantly affecting their financial status.

Grocery costs have soared under Harris’s leadership, despite White House messaging that attempts to downplay this issue by highlighting recent moderate price hikes. In order to get the legislative agenda to this stage, Harris was essential. Several economists claim that the trillions of dollars in expenditures that she helped pass in the Senate thanks to her tie-breaking votes contributed to the inflation problem.

Over the first 42 months of the Biden-Harris administration, food inflation has increased more than it has under any other president since Jimmy Carter. Pending Carter’s record and Nixon’s second term, it is the third-highest gain in presidential record history during the first three and a half years of a term, dating back to 1952.

In comparison, during the first 42 months of Donald Trump’s administration, food costs increased by just 6.3%.

Food costs are still increasing. The consumer price index for food at home saw a 0.2 percent increase in July, while the index for groceries saw a 0.1 percent increase. This is the second consecutive month of rising prices after four months of negative readings.