Inflation Set To Send Grocery Bills Soaring
PNW - Did you know that the price of corn has risen 142 percent in the last 12 months?
Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.
But it isn't just the price of corn that is going crazy. We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.
So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.
Typically, Americans spend approximately 10 percent of their disposable personal incomes on food. The following comes directly from the USDA website...
In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food--divided between food at home (4.9 percent) and food away from home (4.6 percent).
Between 1960 and 1998, the average share.....READ MORE
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