US Households Grapple With 29% Grocery Surge, As Dollar Loses 25% Of Value- 'Affordability Is Still Getting Worse,' Says

American households are facing growing financial strain as the cost of everyday essentials continues to climb, outpacing wage growth and eroding purchasing power. On Sunday, in a post on X, The Kobeissi Letter, said “basic necessities have never been more unaffordable,” while noting the steep increases in core expenses since February 2020, with grocery prices up 29% to an all-time high and overall food prices rising 30%.