Monday, October 17, 2022

Still getting sticker shock at the grocery store? You're not alone...

 

Americans continue to pay more at the grocery store as surging food inflation shows no signs of slowing down. Grocery prices rose 13 percent over the last year and 0.7 percent in September alone, outpacing the annual 8.2 percent inflation rate for all consumer products, according to the most recent Labor Department data. 
The price of fruits and vegetables increased by 10.4 percent annually, while milk rose 15.2 percent and eggs soared 30.5 percent. Prices could keep rising well into next year, experts say, as it’s unclear when fundamental issues like Russia’s invasion of Ukraine, extreme droughts and supply chain snarls will let up.
 



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