Due To Inflation, Food Stamp Benefits Will Increase By 12.5% Starting In October

In October, recipients of food stamps will have more financial flexibility when it comes to purchasing groceries.

According to the United States Department of Agriculture, the skyrocketing cost of living has caused their monthly benefits to increase by 12.5%, which translates to an additional $104 for a family of four. As a result, the maximum benefit for a household of this size has increased to $939 per month, up from $835 previously.

The modification in benefit levels is implemented every October and is determined based on the price of the Thrifty Food Plan published by the USDA every June.

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This year’s cost of living adjustment is the greatest yearly percentage rise since the Thrifty Food Plan was formed in 1975. The reason for this is the significant surge in inflation that occurred during the previous year.

“It will put SNAP benefits better in line with the increase in the cost of food over the past year,” Dottie Rosenbaum, director of federal SNAP policy at the Center on Budget and Policy Priorities, said of the Supplemental Nutrition Assistance Program, or SNAP for short, which is the formal name for food stamps. “It will put SNAP benefits better in line with the increase in the cost of food over the past year,” she added.

According to the most recent data provided by the USDA, there were close to 41 million people participating in the food stamp programme in the month of June. The typical amount of the benefit paid out each month to an individual is slightly more than $218.

Food Stamp Benefits Will Increase By 12.5%
Food Stamp Benefits Will Increase By 12.5%

The rising cost of food and groceries

In spite of this significant adjustment, beneficiaries of food stamps are already falling farther and further behind due to the persistent rise in inflation since June.

According to the most current information that was released by the Bureau of Labor Statistics (BLS), prices of groceries increased by 13.5% in the month of August.

The cost of milk and bread also went up by 17%, while the price of eggs increased by over 40%. The price of chicken went up by 16%, while the combined price of fruit and vegetables went up by more than 9%.

The rising cost of food is putting a burden on the budgets of many people in the United States, especially those who are recipients of food stamps. A growing number of people are relying on food pantries as a complement to the groceries they buy at the store.

According to a recent poll that was carried out by the anti-hunger organisation, around forty per cent of the food banks and soup kitchens that are part of the Feeding America network observed an increase in the number of people they served in July when compared to June. Another 40% of respondents reported that demand had remained roughly the same.

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Some pandemic support is still being provided โ€” At least for the time being

Congress passed a relief programme for the COVID-19 pandemic early on in the epidemic, and many people who get food stamps are still benefiting from it. The monthly food stamp allowance for enrollees was increased by lawmakers to the maximum amount for their family size, which was a minimum of $95 per month. This programme is still active in around 34 states, as well as the District of Columbia.

A separate increase of 15% to benefits was eliminated exactly one year ago.

When the United States Department of Agriculture (USDA) updated the formula for its Thrifty Food Plan last year, it also resulted in a significant and permanent increase in benefits for people who receive food stamps. The upshot of this was an increase in monthly allotments of $36 more for each individual.

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