{"id":1458612,"date":"2024-02-21T22:20:00","date_gmt":"2024-02-22T03:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1458612"},"modified":"2024-02-21T22:20:00","modified_gmt":"2024-02-22T03:20:00","slug":"supermarket-scramble-food-spendings-share-of-disposable-income-hits-highest-level-in-three-decades","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/supermarket-scramble-food-spendings-share-of-disposable-income-hits-highest-level-in-three-decades\/1458612\/","title":{"rendered":"Supermarket Scramble: Food Spending’s Share Of Disposable Income Hits Highest Level In Three Decades"},"content":{"rendered":"

Supermarket Scramble: Food Spending’s Share Of Disposable Income Hits Highest Level In Three Decades <\/span><\/p>\n

\n

The most recent inflation prints (CPI<\/a>\u00a0&\u00a0PPI<\/a>) are the latest examples of Bidenomics failing Americans. For many, the supermarket is a painful experience (much worse than gas stations) as prices for everyday necessities remain elevated while real wages are negative once again. The risk of inflation re-accelerating is even more terrible news for consumers ahead of spring.<\/p>\n

We penned a note earlier this month titled\u00a0“Food Inflation Is Not Yet Dead”<\/em><\/a>\u00a0as commodity prices for cocoa beans, ground beef, robusta coffee, and orange juice, among many others, continue marching higher despite the Biden administration’s promise that Bidenomics is working.\u00a0<\/p>\n

A startling new report from the\u00a0Wall Street Journal<\/em><\/a>\u00a0shows consumers spent 11.3% of their disposable income on food, the highest level since the early 1990s.\u00a0<\/p>\n

Source: WSJ\u00a0<\/em><\/a><\/p>\n

“If you look historically after periods of inflation, there’s really no period you could point to where [food] prices go back down,” said Steve Cahillane, chief executive of snack giant Kellanova, in an interview, warning food prices “tend to be sticky.”\u00a0<\/p>\n

What Cahillane means is that consumers should get used to spending a higher percentage of disposable personal income on food in the era of failed Bidenomics.\u00a0<\/p>\n

Food inflation is a sour subject for the administration ahead of elections. President Biden recently said: “The American public is tired of being played for suckers.”\u00a0<\/p>\n

But, Mr. President. What happened to this:\u00a0<\/p>\n

<\/a><\/p>\n

And the American people are waking up to the endless failures of this administration as polling data for the president craters.\u00a0<\/p>\n

<\/a><\/p>\n

Inflation may have slowed down, but shrink-flation is in full force. Get used to paying higher prices and receiving less.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 02\/21\/2024 – 17:20<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Supermarket Scramble: Food Spending’s Share Of Disposable Income Hits Highest Level In Three Decades The most recent inflation prints (CPI\u00a0&\u00a0PPI) are the latest examples of…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1458612","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-67s0","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1458612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1458612"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1458612\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1458612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1458612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1458612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}