News Summary

• Inflation still looms large over many Americans’ heads as they head to the grocery store.A recent Axios Vibes survey found that 59% of respondents felt "angry, anxious or resigned" while shopping for groceries with anger being the most common emotion..
• Moody’s Analytics also reported that Americans spent $211 more a month compared to the same time last year.Overall, Americans are now paying on average $1,020 more each month compared with the same time two years ago.Inflation rose .3% to 3.4% in December..
• Seventy-two percent of respondents also said that groceries are where they feel the most effects of inflation.Though inflation has largely fallen from record highs in 2022, prices are still significantly higher than they were before 2020..
• (istock)In a Fox News national survey in November, 68% of voters reported feeling unhappy with how things are going in the country with 78% saying that the economy is in bad shape since President Biden took office..
• Based on data from the Bureau of Labor Statistics, Americans must spend approximately $125.51 for groceries that would have previously cost $100 in December 2019.A majority of Americans reported having negative feelings while shopping for groceries..
• (iStock)In December 2023, inflation, in fact, rose .3% to 3.4% compared to the same time in the previous month..