"PITTSBURGH - These are anxious times in which to feed our families. Grocery shopping is not just wildly expensive these days - the Consumer Price Index in July was up 2.7% year-over-year, with the price of some foods reaching record levels - but also filled with uncertainty. Just when you think the price of a box of Honey Nut Cheerios couldn't be higher (seriously folks, $7?) we have to worry about how big a hole President Donald Trump's sweeping global tariffs will burn in our pockets going forward."
"Nearly 75% of U.S. food imports will be affected, according to the Washington, D.C.-based Tax Foundation, a nonpartisan tax policy nonprofit. A 25% tariff on all Mexican imports all but guarantees the cost of fresh produce will go up, and we also can expect to pay more for household essentials like coffee and bananas. The price of eggs is (maybe?) down to a bearable level. Recently, a dozen Good & Gather large white eggs were on sale at Target for $2.79."
Food prices have risen, with the Consumer Price Index up 2.7% year-over-year in July and some foods reaching record levels. Global tariffs risk further increasing costs, with nearly 75% of U.S. food imports affected and a proposed 25% tariff on all Mexican imports likely to raise fresh produce and household staple prices like coffee and bananas. Some items such as eggs may occasionally be affordable, while ground beef and dairy costs continue to climb. About half of Americans identify grocery costs as a major source of stress. Budgeting, basic arithmetic, and planning can lower household food expenses.
Read at Boston Herald
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