Americans spent a massive ~$17 trillion on food in 2023, the most ever recorded in a single year.
— The Kobeissi Letter (@KobeissiLetter) June 19, 2024
Since 2020, food at home and away-from-home expenditures have soared $5 trillion, or ~35% as high inflation hit the country.
At the same time, fast food prices have increased by… pic.twitter.com/2XHQp8e2mt