Americans Think Grocery Prices Are About To Skyrocket

( Last week, Rasmussen Reports released a survey that showed the vast majority of Americans expect food prices to continue rising.

When asked if they expect the cost of groceries to increase, decrease, or stay the same a year from now, 61 percent of respondents said grocery prices will increase, while only 9 percent said the price of groceries will go down and 17 percent said groceries prices will remain the same.

Broken down by party, 77 percent of Republicans and 60 percent of Independents expect to be paying more for groceries a year from now. Even a plurality of Democrats, 47 percent, expect grocery prices to be higher a year from now.

When asked if they are paying more or less for groceries today compared to a year ago, 89 percent of respondents said their grocery bill has gone up while only 6 percent say they aren’t paying more.

The high cost of groceries has resulted in a change in eating habits for 63 percent of respondents while another 31 percent say they haven’t changed what they’re buying.

The survey was conducted July 24-25 among 1,000 American adults. The poll has a margin of sampling error of +/- 3 percent.

While inflation in July eased slightly to 8.5 percent year-over-year, the cost of food continued to rise. Overall, the price of food rose 10.9 percent in July compared to last year, marking the largest spike since 1979.

The slight drop in inflation was due in large part to a drop in the demand for gasoline as consumers were driving less in July.