America’s grocery bills are surging and there’s no relief in sight ...

Nov 10, 2021 · Expect to keep paying more for groceries in 2022. Prices shoppers paid for …

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Jan 13, 2024 · The answer lies in their grocery bills Americans are furious about high inflation, …

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FAQs about America’s grocery bills are surging and there’s no relief in sight ... Coupon?

Why are grocery bills going up?

The latest spike in grocery bills comes on the back of prices that rose during last year's pandemic stockpiling — and never went down. Shoppers had better start budgeting more for their groceries, according to the latest consumer price index, which shows prices are increasing — and they're likely to keep going up. ...

Are grocery prices falling?

In the year through June, grocery prices rose 1.1 percent, a significant slowdown from a recent peak of 13.5 percent in August 2022. Many consumers might not be feeling relief, though, because food prices overall have not fallen but have continued to increase, albeit at a slower rate. ...

Do higher grocery bills benefit discount stores?

Higher grocery bills may benefit discount stores at the expense of full-price supermarkets. When prices at customers’ regular stores become unaffordable, they are more willing to walk out for cheaper ones. ...

Are grocery prices catching up?

But there is a silver lining. As grocery inflation slows, wages are catching up. Over the last year, average wages have risen 3.9%, or about three and a half times as fast as grocery prices. The typical worker now has to work about the same number of hours to buy a week's worth of groceries as in 2019, before the COVID-19 pandemic. ...

Are You struggling to pay for groceries?

Still, the annual True Cost of a Grocery Shop survey from retail tech company Swiftly polled around 1,500 people in early December and found that nearly two in three struggle to pay for groceries due to inflation and increasing costs of food. ...

Which grocery items have declined the most over the past year?

One of the largest declines over the past year was in cereals and bakery products (13% of grocery consumption), going from 0.8 ppt contribution to grocery inflation last year to 0.1 ppt this year. Next, Figure 3 gives the ten largest price declines in CPI grocery items over the last year. ...