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50% of Americans Say Their Biggest Budget Expense is Food Despite Inflation Slowing
gobankingrates ^ | May 10, 2023 | ёl Bizouati-Kennedy

Posted on 05/17/2023 9:55:53 AM PDT by RomanSoldier19

Inflation continued its steady descent in April, standing at 4.9%, and the overall food index remained unchanged for the month. Some food groups finally saw some decreases, according to the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI), released May 10.

Consumer Price Index: Inflation Slows to 4.9% as Food Prices Finally Begin to Fall

Learn: How To Build Your Savings From Scratch

This latest set of data will be welcomed news to consumers, as groceries take out a big chunk of paychecks every month. Indeed, almost half of Americans (48%) said their grocery costs are eating up most of their monthly budget, even before utility bills (38%) and credit card debt (37%), according to a survey conducted by OnePoll and UserTesting and reported by Talker.

(Excerpt) Read more at msn.com ...


TOPICS: News/Current Events
KEYWORDS: cricket; economy; food; inflation
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1 posted on 05/17/2023 9:55:53 AM PDT by RomanSoldier19
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To: RomanSoldier19

“slowing”

From the speed of light to almost the speed of light.

Happy Days are here again!!!


2 posted on 05/17/2023 9:57:14 AM PDT by FlipWilson
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To: FlipWilson

Food and gas plus soaring rents are decimating savings and maxing out credit card limits.


3 posted on 05/17/2023 10:01:54 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: RomanSoldier19

So-I conclude that 50% of Americans already on their own home and don’t have a mortgage payment.


4 posted on 05/17/2023 10:01:56 AM PDT by Ken Regis (I concur. )
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To: RomanSoldier19

Inflation ain’t slowing


5 posted on 05/17/2023 10:02:10 AM PDT by Nifster ( I see puppy dogs in the clouds )
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To: RomanSoldier19

NO sign of inflation slowing at my house. If someone shows you numbers that “proves” it’s slowing , then someone is cooking the books.


6 posted on 05/17/2023 10:02:13 AM PDT by ryderann
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To: RomanSoldier19

Funny an hour or so ago I texted a friend about the government’s inflation numbers.

Topic was food.

In 2000 one could buy a bar-b-que salad and a fountain drink for $5.00.

According to the government it should now cost $8.91.

The real price now is more like $16-$18.

The government numbers are roughly 50%+ too low.


7 posted on 05/17/2023 10:03:36 AM PDT by packagingguy
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To: RomanSoldier19

“Consumer Price Index: Inflation Slows to 4.9% as Food Prices Finally Begin to Fall”

That is an imbecilically gross mischaracterization of what the data actually illustrated.


8 posted on 05/17/2023 10:04:30 AM PDT by traderrob6
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To: Ken Regis

Yup—the article makes no sense.

For most folks their mortgage or rent payment is their largest monthly expense.


9 posted on 05/17/2023 10:05:13 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: RomanSoldier19

Don’t believe it’s only 50%. More like 80-90%.


10 posted on 05/17/2023 10:06:19 AM PDT by Leep (Hillary will NEVER be president! 😁)
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To: RomanSoldier19; Tilted Irish Kilt; Pollard; Diana in Wisconsin; Roman_War_Criminal; SaveFerris; ...

Ping


11 posted on 05/17/2023 10:06:36 AM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
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To: RomanSoldier19

But they voted for this hope and change, I hope they enjoy it. As for me and my family, well, we began preparations for the inevitable collapse of society and mass impoverishment the day Barry the Muslim was installed.

When the emergency is upon us, the time for preparedness has past.


12 posted on 05/17/2023 10:08:25 AM PDT by eyeamok
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To: RomanSoldier19; bitt; Tilted Irish Kilt; fieldmarshaldj; Kathy in Alaska

By design and on purpose to destroy the American people and the USA just like their bioweapon jabs and boosters.

Mistakes Were Not Made

https://drtrozzi.org/2023/03/21/mistakes-were-not-made/

An Anthem For Justice

We agree wholeheartedly with Dr David Martin that the members of the criminal covid enterprise, including Fidel’s boy, are guilty of premeditated mass murder. There were no mistakes. Rather, it was meticulous diabolic planning & execution. Here is a masterpiece in my opinion! It is an intense 4 minute video. My dear friend & colleague Dr Tess Lawrie is speaking.

Must see and hear video is at the link above. Everyone needs to wake up before we lose the current WWIII.


13 posted on 05/17/2023 10:08:43 AM PDT by ExTexasRedhead
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To: RomanSoldier19

My biggest budget expense is the 50% property tax appraisal this year.

The cheapo store brand bread has gone up 50%. Just wait until the predicted low wheat harvest comes in. Predicted or manipulated? Yeah, they’ll be filling in the shortage with ground crickets and mill worms. Notice every legit food factory/supplier has had a disaster of some sort be it fires or disease except bug farms.

Where’s the slow down?


14 posted on 05/17/2023 10:10:11 AM PDT by bgill
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To: cgbg

I amend my previous post.
Food is second or third.
However, if food prices remain high for decades it would eventually cost more than a house.


15 posted on 05/17/2023 10:10:25 AM PDT by Leep (Hillary will NEVER be president! 😁)
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To: RomanSoldier19

Joe will tell everyone that eating cockroaches is good, and millions of Democrats will be harvesting them to eat. That’s how cultists do things


16 posted on 05/17/2023 10:10:28 AM PDT by realcleanguy (quickly things are falling apart, now that the )
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To: Leep

Yes, or more than even that in some cases


17 posted on 05/17/2023 10:10:38 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: packagingguy
Exactly-up until the election of 0--you could get a decent lunch for $5-6.

We went out to Portillos the other night. (chicago hot dog place).

4 hot dogs (normal size) with some pickles, relish, mustard, peppers, 3 fries (with about 25 crinkle cut fries) and 3 sodas-$46. Not kidding.

I almost fainted. Won't be doing that again.

18 posted on 05/17/2023 10:10:50 AM PDT by riri (What’re y’all talking bout? I just got a new set of Michelins for the house!)
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To: RomanSoldier19

In less than 3 years many items I buy have gone up almost 4$. It’s impossible to keep up.


19 posted on 05/17/2023 10:19:52 AM PDT by dkGba
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To: metmom

The Liberal New World Order is bringing on the Four Horsemen of the Apocalypse


20 posted on 05/17/2023 10:20:09 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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