Household budgets were hit by rising grocery prices for the second consecutive month in August, data from the Department of Labor showed Wednesday.
The consumer price index for “food at home” rose 0.2 percent in August after climbing 0.3 percent in July. In June, grocery prices were more or less flat with the prior month.
Food prices have been on an almost relentless rise since Biden took office, with food inflation becoming a constant feature of the American economy after nearly a decade of m mostly stable prices. Prices for groceries have been up on a monthly basis in all but three months of Biden’s presidency.
The cumulative effect has been devastating for the budgets of many households. Since February 2021, food-at-home prices are up 19.6 percent.