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Thursday, November 21, 2024

State Rep. Joe Sosnowski: 'Inflation has cooled to around 2.5%, but you may not be seeing much relief yet at the grocery store'

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State Rep. Joe Sosnowski | JoeSosnowski.org

State Rep. Joe Sosnowski | JoeSosnowski.org

State Representative Joe Sosnowski addressed inflation and its impact on constituents in a Facebook post dated September 26. "Inflation has cooled to around 2.5% but you may not be seeing much relief yet at the grocery store as costs for certain items continue to surge," he said.

"Inflation has cooled to around 2.5% but you may not be seeing much relief yet at the grocery store as costs for certain items continue to surge," said Sosnowski, according to Facebook.

In his post, Sosnowski shared a link to an ABC7 report detailing strategies for saving money on groceries. According to the report from September 24, shoppers are advised to cut back on items with the highest price increases, such as eggs, meat, fish, and poultry. The report suggests using canned and dry foods and incorporating vegetarian meals to reduce expenses. It also recommends utilizing store coupons and rewards, planning meals in advance, considering different stores for various items, and buying in bulk.


Screenshot of State Rep. Joe Sosnowski's Sept. 26 Facebook post | State Representative Joe Sosnowski's Facebook page

NerdWallet attributes the more than 25% increase in food prices over six years to several factors: rising operating costs, supply chain disruptions, and corporate profits. The increased operating costs from farms to supermarkets have been passed on to consumers, including higher gas prices. Supply chain issues stemming from the COVID-19 pandemic, bird flu outbreaks, and the war in Ukraine have further exacerbated these price hikes.

Additionally, corporate profits play a role. A 2024 Federal Trade Commission report states that food and beverage retailers saw profit margins increase by more than 6% in 2021 and by 7% in 2023.

Sosnowski has represented Illinois since his election to the Illinois General Assembly in 2010. He currently serves the 69th District. His political career began with a position on the DeKalb City Council before moving to Rockford where he served as First Ward Alderman from 2005-2010. He is a graduate of Northern Illinois University.

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