Time for another Biden victory lap about how great things are while Americans can’t afford to buy food.
Despite all the lies, it’s not getting better. Even the USDA projects that it’s continuing to get worse.
Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical average rates. In 2023, all food prices are predicted to increase 7.9 percent, with a prediction interval of 5.5 to 10.3 percent. Food-at-home prices are predicted to increase 8.6 percent, with a prediction interval of 5.6 to 11.8 percent. Food-away-from-home prices are predicted to increase 8.3 percent, with a prediction interval of 7.1 to 9.6 percent.
Even if these numbers are correct, it’s only a few percent less than the price increases in 2022. Slowing the rate at which food becomes unaffordable is not a victory.
In 2023, prices are predicted to increase for other meats (4.7 percent), dairy products (7.2 percent), fats and oils (16.7 percent), processed fruits and vegetables (9.9 percent), sugar and sweets (11.5 percent), cereals and bakery products (12.8 percent), nonalcoholic beverages (9.9 percent)
And expect egg prices to keep getting worse.
Egg prices are predicted to increase 37.8 percent in 2023
Let’s check with Wall Street.
To Save Money, Maybe You Should Skip Breakfast – Wall Street Journal
With Americans spending an estimated $395 more on food per month, other consumer purchases are falling away leading to an economy in which people are working to eat.