With every passing day it gets more and more expensive for American families to put food on the table.
American workers have been struggling with this trend since President Joe Biden took office back in January.
And Democrats fear they are headed for disaster in the 2022 Midterms if this trend continues.
As experts say you can expect to continue to pay rising prices for your groceries, Democrat incumbents are starting to worry about their Midterm prospects.
According to the Food and Agriculture Organization of the United Nations, the Food Price Index is at its highest level in a decade.
In fact, food costs are sitting at 40% above pre-pandemic levels, rising 28% in Joe Biden’s first year in the Oval Office alone.
Coffee lovers have been particularly hard hit, with java prices skyrocketing more than 80%.
Michael Magdovitz, an agricultural commodities analyst at Rabobank, expects the prices to remain at these lofty levels throughout 2022.
“If there is a big break in the market — which we don’t see, necessarily, across a lot of these commodities — it will be taken with both hands by consumers,” Magdovitz said. “That will limit the ability of prices to fall.”
The fact is, even CNN Business is reporting Kraft Heinz (KHC) and Mondelez (MDLZ) have already said that they plan to hike prices for their retail customers in early 2022.
This is all bad news for Democrats who were counting on Biden’s Inflation Crisis correcting before their reelection bids next November.
The 2022 Midterms are incredibly important given the razor-thin margins in both the House and Senate.
Nancy Pelosi only holds the House of Representatives by eight seats – Inside Elections lists 37 seats as battlegrounds.
The Senate is split 50/50, with Vice President Kamala Harris controlling the tie-breaking vote – Inside Elections lists eight of the 34 seats in play as battlegrounds.