Americans spending over 11% of disposable income on food for first time in 30 years

Prices at restaurants have jumped more than 5% last month compared to last January.

News 12 Staff

Feb 22, 2024, 12:24 PM

Updated 57 days ago

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Americans are now spending more than 11% of their disposable income on food, according to the U.S. Department of Labor. This hasn't happened since President George H.W. Bush was in office.
Eating continues to cost more, whether it's in restaurants, take-out or at home. Prices at restaurants have jumped more than 5% last month compared to last January.
Experts believe that food prices are not likely to stabilize soon.


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