Houston Food Bank Reports 20%-25% Search Jump as U.S. Consumer Prices Hit 4.2%
Updated
Updated · KTRK-TV · Jun 12
Houston Food Bank Reports 20%-25% Search Jump as U.S. Consumer Prices Hit 4.2%
3 articles · Updated · KTRK-TV · Jun 12
Summary
More Houstonians are seeking help as inflation bites, with the Houston Food Bank reporting a 20%-25% rise in searches for food and critical services over the past month to six weeks.
May consumer prices rose 4.2% from a year earlier—the highest level in three years—while producer prices increased a seasonally adjusted 1.1%, adding pressure on household budgets.
The food bank said it has logged more than 465,000 searches for food and support services this year and is directing residents to partner groups that also offer housing, utility and case-management aid.
The inflation uptick is also sharpening focus on the Federal Reserve's June 16-17 meeting, where policymakers will weigh whether to raise interest rates to curb price growth.