Rising food prices hit record highs; nearly one in four U.S. renters skipped meals to afford rent.

The rising cost of living, particularly food prices, has been a significant issue. According to recent data, food prices have reached record highs, impacting many households. A survey conducted by the Urban Institute found that nearly one in four renters in the U.S. reported skipping meals in the past year to afford their rent and other bills. This highlights the severe impact of inflation and the cost-of-living crisis on everyday Americans.

Food has never been so expensive – about one quarter of renters had to skip meals in the last year to stay current on their bills; this is a cost-of-living crisis: pic.twitter.com/rO38QeTSIs

— E.J. Antoni, Ph.D. (@RealEJAntoni) August 14, 2024