Middle-class consumers in the United States have begun to overtake low-income shoppers as the financial group most affected by rising grocery prices for the first time since the pandemic, according to a May 31 report by Numerator, a consumer data analytical service.
The Numerator report utilized purchase data gathered by its mobile-receipt app, “Receipt Hog.”
Lower-income Americans making less than $50,000, were the first to be hit with rising inflation over the past year with a surge in prices for grocery budgets.
Higher inflation rates normally hit lower-income families hardest, as they tend to spend a larger proportion of their budgets on food, energy, and housing costs….