In the United States, the rising cost of food has become a significant concern, with grocery bills and restaurant tabs consuming a larger portion of Americans' paychecks. According to various political figures, this increase in food prices is attributed to inflation and corporate practices. By the end of 2023, consumers were paying nearly 20% more for the same basket of groceries compared to 2021. Additionally, the cost of groceries has seen a 21% increase, forcing Americans to alter their shopping habits. The Consumer Price Index indicates a 25% increase in food prices from 2019 to 2023, outpacing the general inflation rate. American families and workers reportedly spend an extra $1,019 annually to keep up with these rising costs. The situation has spurred political action, with Senator Bob Casey introducing the Shrinkflation Prevention Act to address the issue of companies charging more for less by reducing product sizes without lowering prices. President Biden has also expressed support for this initiative, emphasizing the need to hold corporations accountable for such practices.
Americans are spending $11,400 more annually just for the basics. Bidenomics has forced Americans to spend more but NOT get more.
Senator Casey sees across Pennsylvania what I’ve seen across America: Hardworking folks are tired of getting charged more for less. I’m glad that Senator Casey introduced the Shrinkflation Prevention Act – it’s time we held these corporations accountable. https://t.co/7G9QIoJ4Me
Big corporations are always finding new ways to charge Ohioans more to maximize their profits, like shrinking their products without shrinking their prices. We're working to crack down on this greedy practice & make sure families get every ounce they pay for. https://t.co/AIGTulk9q0
"The number that sticks in most people’s heads is 20 percent. This is roughly how much inflation is up since the coronavirus pandemic began. (It’s up about 18 percent since Biden took office)." https://t.co/3gVvGM3bL9 https://t.co/4h5MsB5A2T
Thanks to failed #Bidenomics policies, inflation has surged the cost of farm input costs. Farmers can't afford to wait for a new #FarmBill. https://t.co/rkrt5aLuXU
Corporations are trying to pull the wool over our eyes by shrinking their products without reducing their prices. Anyone on a tight budget sees it every time they go to the grocery store. Read what I'm doing to crack down on shrinkflation here👇 https://t.co/qsuLfx9nJ7
Pennsylvania families are sick of paying higher prices for smaller products while corporate CEOs brag about record profits. Today I'm introducing the Shrinkflation Prevention Act to crack down on shrinkflation and hold corporations accountable. https://t.co/5eT7hIgyzr
Families are spending a larger share of their income on food than they have in three decades. This affordability crisis is unsustainable. https://t.co/giymlEg5Cr
The sky-high cost of food is eating up our paychecks at a near-historic rate. https://t.co/U82qe7Yula
Too many giant corporations are making record profits while making hardworking families pay more for less. The last thing Nevada families need right now is downsized goods and products for the same or even higher cost. It's time we get Nevadans their fair share.
Dining out at restaurants and buying groceries has become so expensive that it's eating up a sizable portion of Americans' paychecks. https://t.co/XnhXfPcXus
Between 2019-2023, food prices, measured by the Consumer Price Index, increased 25%, compared to the 19.2% inflation rate for the all-items CPI. And for just 2023, food-at-home prices — i.e. grocery costs — increased by 5% compared to 2022. #Bidenomics https://t.co/sDRVq11A3a
American families and workers are paying an extra $1,019 to keep up with rising prices at the grocery store and the gas station compared to just three years ago. That's #Bidenomics in action.
Even as inflation falls, big corporations are continuing to price gouge, rip-off consumers, and pad their profits. Great to see @POTUS taking on this fight to protect the pocketbooks of working families across America. https://t.co/GX2nTbHmCt
Shrinkflation and greedflation are taking a chunk of families’ budgets. I'm calling it out and I’m fighting to crack down on these deceptive practices. 🔗: https://t.co/D9zsVrrJrx https://t.co/nny4d4xs4T
With the cost of groceries up 21%, Americans are being forced to pinch pennies & change the way they shop for food. Bidenflation must come to an end.
By the end of 2023, consumers were paying nearly 20% more for the same basket of groceries as they were in 2021. #Bidenomics https://t.co/8hnY5Ya738
America's food costs are spiraling out of control, and Biden and the Democrats reckless spending is to blame! Grocery bills and restaurant tabs are devouring paychecks. Americans can’t afford Joe Biden’s economy. https://t.co/IzI6jgFna7 https://t.co/97kULwylT1