As food prices rise in June, analysts warn of a ‘tipping point’ for Americans
Grocery prices were 5.7% higher in June compared to a year ago, and dining out was 7.7% more expensive
Food prices grew at a slower pace in June, but economists remain concerned that prices will reach a level where consumers will make dramatic changes in their behavior.
Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate.
