Rising Grocery Prices: The Impact of the Pandemic

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Economy News

Grocery Prices,Pandemic,Inflation

Prices for eggs, milk, meat, chicken, cereal and produce have dramatically increased since the pandemic. Overall inflation in the last four years was 19%, but grocery prices jumped 25%. Various factors such as labor shortages, supply chain disruptions, drought, avian flu, and the war in Ukraine have contributed to the increase. Consumer demand for more expensive grocery items has also played a role.

Sticker shock. You feel it every time you go to the supermarket. Prices for eggs, milk, meat, chicken, cereal and produce are all dramatically higher since the pandemic. Overall inflation in the last four years was 19%, but grocery prices jumped 25%, according to the USDA. And once food prices go up, they tend to stay there.

A variety of factors are pushing prices higher, including labor shortages, supply chain disruptions, drought, avian flu and the war in Ukraine (limiting the global supply of fertilizer). Consumer demand for more expensive grocery items — something that started during the pandemic — has also led manufacturers and supermarkets to keep prices hig

Grocery Prices Pandemic Inflation Supply Chain Disruptions Labor Shortages Consumer Demand

 

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