It’s Not Your Imagination You’re Paying More For These Foods
It seems like every time I go into the grocery store even to grab one or two things it’s a decent amount of money. It’s not your imagination either. This…
It seems like every time I go into the grocery store even to grab one or two things it's a decent amount of money. It's not your imagination either. This summer is making your bank account say "ouch". If your grocery bill is bigger than usual, you aren't alone. You are in fact paying more for certain foods. According to NBC News, a "side effect" of the pandemic is price hikes for the third straight month in June as demand outweighs supply. Based on the latest data from the U.S. Bureau of Labor Statistics, here are 5 foods that have spiked in price compared to last year at this time.
- Bacon -- up 15.6%
- Whole milk -- up 11.2%
- Eggs -- up 5.7%
- Ground coffee -- up 1.9%
- Bananas -- up 1.2%
On the flip side, flour and potato prices have actually dropped since last summer. So what I'm gathering is I should maybe stay away from breakfast for the near future. Let's not let the word "shortage" hit too many mouths and we will see the same scarcity we say with toilet paper. It is interesting that these "pandemic-related" impacts are hitting 15 months after the pandemic began. Turns out the demand with consumers eating out more is partly responsible for the increase in prices.
Have you noticed that you have been paying more for these foods or others lately? Between food at grocery stores and in restaurants, gas prices, and everything I might just have to give myself a 'stay at home order' for the second summer in a row.
Read more
