Food inflation is close to zero

And it has been for almost a year.

“Since the start of 2023, the price of food has increased 1.2%. Average earnings have gone up 4.3%.”

Food inflation is now at the same rate as it was before the pandemic. But you’d never know that from the news. Of course, being on a fixed income is what will cause a problem for many but COLA have been trying to keep up. Since 2018, cost of food is up 27% while COLA has gone up about 23%.

Food inflation vs CPI