Inflation Fears Up, 87% Paying More for Groceries
Concern about inflation is increasing, as Americans say overwhelmingly that they are now paying more for groceries and expect to pay even more for them in the future.
A new Rasmussen Reports national telephone survey finds that 56% of Adults are Very Concerned about the threat of inflation. That’s up from 52% a month ago and 48% at the first of the year.
In addition to those who are Very Concerned, another 28% are Somewhat Concerned about the threat of inflation. Just 14% are not very or not at all concerned. (To see survey question wording, click here.)
Eighty-seven percent (87%) of Americans say they are paying more for groceries now than they were a year ago. That’s up 12 points from last April.
Looking forward, 77% think they will be paying more for groceries a year from now. That’s well above the range over the past two years. From July 2009 through January of this year, the number that expected to pay more for groceries ranged from 62% to 71%.
Just three percent (3%) now expect grocery prices to be a lower in a year’s time, while 16% say they will stay about the same.
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The survey of 1,000 Adults was conducted on April 6-7, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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