10% Food at Home Price Increase Not Stopping American Shoppers

While food at home prices continue to climb, a recent survey found that most American’s have not changed their purchase habits. According to the latest Consumer Price Index, the food price index increased 1% from last month, 8.8% compared to 2021 and food prepared at home prices jumped 10% during the same time. The Purdue University “Consumer Food Insights Report” of over 1,000 people found that the most common response to the food price inflation is that the consumer is “just paying more.” Another insight from the survey found that 4.5% of consumers view food prices as increasing, a contrast to the government estimates of 2.5%. Experts believe, however, eventually consumer spending, will lessen in response to inflation that seemingly isn’t going away any time soon.

What are a few of the common staples American’s are seeing the biggest price hikes?

>> Butter and margarine: 14%
>> Meat, poultry and fish: 13.8%
>> Milk: 13.3%
>> Eggs: 11.2%
>> Fresh fruits: 10.1%
>> Bread: 7.1%

Read more on consumer food spending habits.