According to the National Pulse, food inflation in July hit an all-time high despite claims from Democrats that inflation had subsided. This translated to Americans "paying more than ever for food at grocery stores and restaurants due to the Biden-Harris government's inflationary spending policies." The Pulse added that food costs in American homes have risen by 22 percent and restaurant prices are up 27 percent.
The U.S. Department of Agriculture's Economic Research Service (ERS) also warned of continued food inflation in its Food Price Outlook report 2024 and 2025. According to the report, food-at-home (FAH) prices are predicted to increase 1.2 percent. Meanwhile, food-away-from-home (FAFH) prices (i.e. prices of meals in restaurants) are predicted to increase 4.1 percent. (Related: Mike Adams and Texas Rep. Cloud discuss how boosting domestic energy production could LOWER FOOD PRICES across America.)
According to the ERS report, FAH and FAFH prices "increased at similar rates" between the 1970s and early 2000s. But beginning 2009, the growth rates diverged, with FAFH prices climbing consistently.
Moreover, both housing costs and transportation costs shot up by 27 percent. To make matters worse, the U.S. dollar has lost nearly a quarter of its purchasing power since President Joe Biden and Vice President Kamala Harris took office in January 2021.
Americans taking on two or more jobs to make ends meet
"The soaring costs of everyday goods and necessities have become a critical issue for voters ahead of November's presidential election," the Pulse noted. A separate report by the outlet meanwhile said Americans increasingly have to take on two or more jobs to make ends meet.
According to the Bureau of Labor Statistics (BLS), which is under the Department of Labor, the number of Americans taking on two or more jobs increased significantly in July. It recorded that 5.3 percent of workers needed two or more jobs in July, an increase from 5.2 percent in June.
"While these numbers may not seem significant on their face, the jump in two or more job holders represents a nearly 10 percent increase under Biden and Harris compared to previous presidencies," the Pulse pointed out.
"From 2010 until 2019, an average of 4.94 percent of workers needed to hold down two or more jobs. During the [Wuhan coronavirus] pandemic – mostly due to government relief programs – that number fell to just four percent."
Christopher Taber, chair of the University of Wisconsin–Madison's economics department, gave one reason why Americans get two or more jobs. "One story is that people are short of cash, and they need extra hours," he said during an interview. "And the only way to pick up extra hours is by picking up a short-term job."
According to the Pulse, workers are taking on multiple jobs for several reasons. Inflation under the Biden-Harris administration has caused a dramatic increase in the prices of food and housing. Wages have once again stagnated, primarily due to eroding purchasing power, after a rise under the term of former President Donald Trump.
Head over to FoodInflation.news for similar stories.
Watch this Fox Business report about how Trump's focus on food policy could change the outcome of the presidential election in his favor.
This video is from the NewsClips channel on Brighteon.com.
More related stories:
Food shortages and inflation continue as "Bidenomics" SPECTACULARLY FAILS.
Food shortages will increase in 2023: here are the top 13 most likely products to show scarcity.
Food shortage simulation predicts 400% SURGE in food prices by 2030.
Food shortages could be as deadly as the next pandemic.
Sources include:
Please contact us for more information.
