Did Groceries Get More Expensive?
Food Prices Have Gone up over the Past Year, Due in Part to Supply Chain Issues Magnified by the Covid-19 Pandemic. the Bureau of Labor Statistics Says Grocery...
Food prices have gone up over the past year, due in part to supply chain issues magnified by the COVID-19 pandemic. The Bureau of Labor Statistics says grocery prices are up more than three percent over the last year. Some items like meat are up even more-- nearly ten percent over the last year.
Did food prices go up?
Food prices rose again last month by 0.7%, according to the latest consumer price index, released yesterday. That may not sound like a lot, but it adds up. Over the past year, prices for groceries and other food prepared at home increased 2.6%.
Are grocery prices going up in 2021?
How long will higher prices continue? Next year, food-at-home price increases are expected to ease little, between 1.5 and 2.5 percent, down from 2.5 to 3.5 percent overall in 2021, according to the USDA.
James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.
