Beef, pork, and chicken prices are respectively 26.2%, 19.2%, and 14.8% higher in October 2021 than prior to the pandemic in January 2020. Turkey prices are up about 13%.
John Catsimatidis, the owner of the New York City supermarket chain Gristede, said food companies would halt promotions and stop selling some items.
Inflation shot well above the Bank of England's target of 2% in August as the economy reopened.
Prices for beef, pork, and chicken have skyrocketed in recent months. The White House thinks it's coming from megacorporations in meatland.
One grocery chain owner said his supplier "could only give us 50% of the turkeys we need and want for the holidays," per the New York Post.
Bacon prices could rise 60%, meaning a $6 package would jump to about $9.60, when new welfare rules are enforced, AP reported.
From Ben & Jerry's to Budweiser, here are some of the key groceries that will make your next shopping trip more expensive.
Price inflation is still expected to be temporary, but in the meantime some items on your grocery list are seeing some spikes.
One New York food supplier said it was hiring truckers from Alabama, paying them $20 an hour, and putting them up in hotels in the Bronx.
Food prices are rising in tandem with an inflation trend in the US. Here's what you need to know about the key factors driving a surge in food prices.
The worst drought in years for California threatens to push food prices even higher as farmers struggle to maintain their crops.
Meat and eggs have seen their prices increase by as much as 10% since February as a result of the coronavirus pandemic. With unemployment stuck near record levels as the US fails to contain the virus, the uptick couldn’t come at a worse time for millions of Americans. A $US600 […]
Many factors have contributed to the changing price of goods over the last 10 years. America recovered from the 2008 recession, but parts of the economy have also been increasingly affected by evolving tastes, climate change, and recent trade wars. In order to track how the cost of living has […]
College tuition costs have risen and student meal plans are more expensive than what the average American spends on food. More than one-third of college students worried about not having money to eat or skipped meals in the past month, according to one survey. A coalition of colleges and universities […]
While the protests in Mexico against the...
Grocery prices are in a free-fall.
The restaurant industry is facing dire straits...
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