One burden that has remained constant in everyone’s mind this year is inflation, and not just its effect on grocery prices.
Electricity prices have been on the rise, increasing by 3.4% between November 2022 and 2023, according to the Bureau of Labor Statistics. Randy Wade, who received help from the St. Luke Food Pantry in November, said higher prices may cause him to change his Christmas decoration plans.
“I may put the tree up but I ain’t going to put no lights on it,” Wade said. “Cause you turn your lights on, it will go up some more.”
But despite these rising costs and worries around it, most economists say inflation is actually slowing down. Similar to the demand for food banks, inflation is still going up, just not as fast as last year.
Still, food bank operators worry this is not sustainable. While they often meet most of the needs in their areas, they still have to turn some people away when they run out of food. If prices continue to rise, even at a slowed rate, it could affect the pantry’s buying power — leading to more families going without food assistance.
“I’m just concerned that in the months to come, we will be without the kind of support we need,” Michael Ledger, president of Feeding the Gulf Coast, said.