K-12 Tax & Spending Climate: How Far $100 Goes at the Grocery Store After Five Years of Food InflationK-12 Tax & Spending Climate:

Stephanie Stamm and Jesse Newman:

Prices for hundreds of grocery items have increased more than 50% since 2019 as food companies raised their prices. Executives have said that higher prices were needed to offset their own rising costs for ingredients, transportation and labor. Some U.S. lawmakers and the Biden administration have criticized food companies for using tactics such as shrinkflation, in which companies shrink their products—but not their prices.