As Biden argues wages keep going up and inflation keeps coming down, four Americans claim food and grocery prices are going 'up and up and up' and 'nothing comes down.'
While President Biden might’ve touted an economic "comeback" in his State of the Union address Thursday night, Americans woke up Friday morning still feeling an inflationary hangover. "We're going to do groceries now. Every week we go and we spend about $300. I have not seen a change at all. On the contrary, like it's just going up," a diner named Iris told FOX Business’ Madison Alworth on "Cavuto: Coast to Coast.
And though Biden spun a positive economic angle in his national speech, proclaiming "wages keep going up and inflation keeps coming down," price data from the U.S. Bureau of Labor Statistics shows why shoppers are right to be concerned. An examination of just two common grocery list items, eggs and milk, reveals a stark increase in prices from January 2021 to January 2024. In January 2021, the average U.S. price for a dozen Grade-A eggs in U.S. cities was $1.47.
Business’ Chris Pandolfo contributed to this report.
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