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According to statistics from the U.S. Department of Labor released last week, the price of groceries increased 1.8 percent last month from a year earlier, the fastest pace in more than a year ...
Like the rest of inflation data, grocery prices are coming in hotter after slightly moderating last year.. The cost of groceries remained flat in March and is up 1.2% year over year, according to ...
The “food at home” category was up a record-making 13.5% year-over-year in August 2022, an increase not seen since the late ’70s, per the U.S. Bureau of Labor Statistics. See: 11 Grocery ...
In recent years, the price of food at the grocery store has climbed higher and higher. Where will prices go in 2024?
So while the latest 2.2% annual food inflation rate for March 2024 seems more manageable, it doesn’t negate the cumulative 25.8% increase in grocery prices since that November 2020 election.
Grocery price inflation has come a long way since hitting 13.5% in the summer of 2022, but January saw a notable jump with prices up 1.9% from the same month last year, up from 1.2% in January 2024.
In November, 5 out of 6 of the major grocery food categories saw a price increase year over year. That includes cereals and bakery products (up 3.4%); meats, poultry, fish, and eggs (up 0.1% ...
However, grocery store sticker shock has become a growing stressor for Americans since 2020, and while the pandemic is over, the aftermath of high prices and lagging supply chains still affects ...