Food Stamps

Food Stamps to Increase by 12.5% Due to Inflation

Food Stamps Benefits (SNAP) will have increased by 12.5 percent for the fiscal year 2023. The big increase is due to rising inflation, which is currently 7.7% as of October 2022. In this post, we will provide the food stamps increase chart and help you calculate how much you are likely to get in SNAP benefits if approved.

Additionally, we will provide the most recent inflation rate data and how much prices for food and other items have increased since a year ago.

Lastly, we will show the inflation rate by month since January 2021 to help you track the rate of inflation in the United State and the current upward trend.

Table of Contents:

  • 2023 Food Stamps Increase Chart
  • How Much will I get in Food Stamps if Approved?
  • Inflation Rate for October 2022
  • Notable Price Increases over the last year
  • Inflation Rate Chart Since January 2021

2023 Food Stamps Increase Chart

Below is the 2023 Food Stamps increase chart, showing how much you are likely to receive if approved for SNAP benefits.

The chart is based on household size. SNAP recipients will start seeing the increased benefit amounts starting in October 2023.

Maximum Benefit Amount by Household Size for Fiscal Year 2023
Effective October 1, 2022 – September 30, 2023
Household Size Maximum SNAP Benefit Allotment
1 $281
2 $516
3 $740
4 $939
5 $1,116
6 $1,339
7 $1,480
8 $1,691
Each Additional Household Member: Add $211

As you can see, a family of three could get a maximum benefit of $740 while a family of 5 could get a $1,116 in maximum food stamps benefits.

How much you actually receive is based on your net household income (gross income minus allowable deductions).

How Much will I get in Food Stamps if Approved?

Here’s how to calculate how much say a family of 4 will get in SNAP benefits.

First, we need to start with the household income.

If you have a countable net income, multiply your net monthly income by 0.3 (30 percent).

Round up this amount to the nearest dollar.

Next, take this amount and subtract it from the maximum benefit level for a household of your size.

From the table above, the maximum a household of 4 could receive in SNAP is $939.

The result is the amount of your monthly SNAP benefits for a family of 4.

Here’s an example:

Example: Sandra and her family of four (4) have $1,350 in net income after allowable income and shelter deductions. To determine the family’s SNAP benefits, take 30% of the “net income” (30% of $1,350) and subtract it from the maximum benefit, as follows:

$1,350 Net Income for Sandra’s family
x .30 (Multiply by 30%)
$ 405 Countable Income
$ 939 Maximum SNAP for 4 persons
-$405 Countable income
$ 534 Monthly SNAP benefits for Sandra’s family

Inflation Rate for October 2022

According to the Labor Department, consumer prices in October were 7.7% higher than a year ago.

However, that is a slower pace of inflation than the 8.2% rate reported in September.

Additionally, the 7.7% rate is the smallest year-on-year increase in prices since January 2022.

Notable Price Increases over the last year

Below is a table of notable price increases in food and other items between October 2021 and October 2022, according to the U.S Department of Labor.

Price Changes between October 2021 and October 2022

Notable Price Increases

Percentage Change

Food Prices
Breakfast sausage +13%
Rice +15%
Butter +34%
Flour +25%
Salad dressing +20%
Cookies +17%
Lunch meat +19%
Canned Fruits & Vegetables +19%
Lettuce +18%
Eggs +43%
Carbonated drinks +13%
Soup +17%
Bananas +5%
Frozen veggies +17%
Pasta +17%
Coffee +15%
Milk +15%
Pet food +15%
Sugar +14%
Gum +14%
Beer +7%
Other Prices
Gas +18%
Electricity +14%
Men’s Apparel +3%
Women’s Apparel +6%
Boys’ apparel +1%
Girls’ apparel +7%
Used cars and trucks +2%
Tires +12%
Pet services including veterinary +11%
Public transportation +28%
Airline fares +43%

Inflation Rate Chart Since January 2021

Here’s the monthly inflation rate since January 2021.

U.S Monthly Inflation Rate by Month
Month 2021 2022
January 1.4% 7.5%
February 1.7% 7.9%
March 2.6% 8.5%
April 4.2% 8.3%
May 5.0% 8.6%
June 5.4% 9.1%
July 5.4% 8.5%
August 5.3% 8.3%
September 5.4% 8.2%
October 6.2% 7.7%
November 6.8% TBD
December 7.0% TBD

Food stamps increase chart for 2023 Summary

We hope this post on the Food stamps increase chart for 2023 was helpful.

Please let us know in the comments section below if you have further questions about Food Stamps or EBT Card.

Also, be sure to check out our other articles about SNAP and EBT, including:

Kwame Kuadey

Kwame Kuadey writes about personal finance and the social safety net. His career started in banking but he caught the entrepreneurial bug and has spent the last decade building successful businesses, including an Inc. 500 Company. Kwame believes everyone has the power to improve their quality of life by seeking knowledge and taking action. In 2012, Kwame founded Empower Media to help low-income households improve their financial situation. His expertise is in topics relevant to low-income households, including government benefits and assistance, banking products, access to credit, plus tools & resources to help reduce income volatility and build wealth. Kwame has been featured in The Wall Street Journal, Forbes, Entrepreneur, Inc. Magazine, Washington Post, ABC, and NPR.

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