United States food banks have seen long lines making their way back amid the overwhelming financial strain that the lower-income earners are experiencing due to inflation.
Food banks across the United States are experiencing a return of long queues of lower-income earning individuals hoping to receive some assistance to help feed their families.
Inflation has led to a shocking surge in gas and grocery prices, prompting many to seek charitable food. Some are doing this for the first time, while others are recurring.
Food banks started seeing some relief as people returned to work after the coronavirus pandemic shutdowns, but that relief did not last at all for some reason.
Now, these initiative programs are struggling to meet the latest demand, while federal programs provide less food to distribute, and cash donations do not go nearly as far as to provide the needed quantity.
United States residents will have to brace themselves for an increase in various food categories, according to an update that was released late Spring by the United States Department of Agriculture (USDA).
This increase is predicted to be somewhere between 4.5% and 5.5%, with meat going for 42.5%, the Economic Research Service March report has shown.
This is not the first time consumers have seen an increase in basic food prices, as householders were already being forced to endure in the last year.
The increase in prices of essential food items has seen corporations placing the blame solely on the cost of doing business, CNN examined.
This is due to the costs of labor and materials surging due to Covid-fueled supply issues, and that has been exacerbated by Russia's invasion of Ukraine.
The demand for goods and services has reportedly remained stronger than ever, and this is said to be one of the reasons why food prices have surged.
CNN also reported that CEOs are making more in returns due to the executive compensation seeing an all-time high, and profit margins seem to be getting fatter.
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