Food prices in the US reached a new all-time high in July.
Over the last decade, food prices at home and away from home are now up 30% and 51%, respectively.
Since 2020, food prices at home have increased 22% and food prices away from home are up 27%.
At the same time, transportation and housing have risen by 27% and 24%, respectively.
All as the US Dollar has lost nearly 25% of its purchasing power in just 4 years and wage growth has slowed.
Basic necessities have never been less affordable.
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