Food costs see highest jump compared to income in 30 years, data shows
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If you’ve noticed more of your budget going to food you aren’t alone.
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The U.S. Labor Department said it has been 30 years since the cost of food ate up this much of your income.
American consumers are now spending 11.3% of their disposable income on food.
Watch: Florida ranked near top of U.S. states with highest grocery store costs
Prices at dining establishments jumped more than 5% last month, compared to January.
That hasn’t happened since President George H.W. Bush was in office.
Read: Inflation frustration: How to save money while prices are high
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