Shoppers feel the squeeze as prices rise at retailers

For Jenny Yang, a 54-year-old resident of Irvine, California, shopping at Costco is becoming increasingly costly. She used to purchase groceries every two weeks for about $150 — which was sufficient to meet her family's needs for food, beverages and other household essentials.

However, with rising prices, she now finds herself buying only the bare minimum — eggs, vegetables and fruits per trip, spending more than $200 on average to stock up on household items.

"I feel that my wallet is losing value; everything has become so expensive," she told China Daily.