Even a peanut butter and jelly sandwich is not immune to inflation’s bite.
Although grocery prices cooled in July, food costs, overall, are trending higher, according to the latest consumer price index.
As a result of food cost inflation, parents who pack lunches for their school-age children will pay more in the coming academic year compared with last year, a new report by Deloitte also found.
For parents and other caregivers, the average daily cost of packing a lunch for school is now $6.15, according to Deloitte. That’s up 3% on average, compared with the start of the 2024 school year.
“The high point of inflation was really around 2022, but grocery costs today are 20% more than they were five years ago,” said Natalie Martini, Deloitte’s U.S. retail and consumer sector leader and a mother of two school-age children.
