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May 16, 2022 · Learn how the war in Ukraine, the COVID-19 pandemic, and climate change have driven up global food prices and affected consumers. Watch a video and read a Q&A with a food economist from Michigan State University.
- Chicken and Eggs
- Butter and Margarine
- Meat
- Vegetables and Fresh Fruit
- How to Save on Groceries
- Rising Food Insecurity
A dozen grade A eggs cost, on average, $4.25 in December—making it the grocery staple with the largest year-over-year price increase. This is largely attributed to the ongoing avian bird flu epidemic, in which nearly 58 million birdshave been infected as of January 6—the deadliest outbreak in U.S. history. Infected birds must be slaughtered, causin...
The cost of butter and margarine has also skyrocketedover the last year, making the humble kitchen staple less affordable. One pound of butter now costs $4.81 on average across U.S. cities, up more than 31% from a year earlier when it cost $3.47. Margarine prices are up a whopping 44% from a year ago. Dairy farmers say extreme heat and smaller cow ...
The hotdog—America’s favorite summer staple—has seen prices increase by 18.2% in the last year, as lunch meats have similarly gone up by 15.1%. Much of the elevated costs for these items has to do with increased pork prices, says David P. Anderson, a professor in the Department of Agricultural Economics at Texas A&M University. In the U.S., pork pr...
Fresh fruits and vegetables have also seen price increases, though lettuce is undoubtedly the biggest culprit, increasing 24.9% in the last twelve months. Romaine lettuce costs just over 9% more than it did a year ago. Dry weather conditions and an insect-borne virus have damaged crops in California’s Salinas Valley, where much of the country’s let...
Shopping expert Trae Bodge suggests families be open to shopping at a variety of stores to meet their needs. Dollar General, for instance, may not be on your usual list for grocery needs, but as the corporation dips into offering fresh produce, Bodge says there may be better deals at certain locations. Many of the budget tips she shared involved sp...
While grocery inflation has forced many Americans to cut back, for tens of millions, putting enough food on the table is now out of reach. New York city employee Mamie Wallace, 60, relies on the Food Bank for New York City for a weekly prepared meal and supplemental grocery needs. She represents the one in 10 Americansliving in a food-insecure hous...
Feb 7, 2024 · Consumers are still citing food prices as their number one economic concern: 94% are worried about food prices. Share of income spent on food increased 13% in 2022.
- Errol Schweizer
Sep 11, 2024 · Since 2020, rising inflation, surges in demand, restrictions on goods and global events — both natural and man-made — have raised prices to levels that Americans haven’t seen since the early 1980s. Groceries were hit especially hard, which has an effect on everyone, especially those with less disposable income.
Jul 13, 2024 · Grocery prices are particularly noticeable because they are such a significant chunk of the typical family's budget, accounting for about 8% on average, according to...
May 24, 2024 · Why groceries are so expensive — and how consumers may start to see relief. Certain categories, such as apples and eggs, have declined over the past year. Other items, such as juices and...
Mar 17, 2023 · The US food industry has seen record profits and wealth amid the pandemic, while consumers face rising prices and food insecurity. Learn how food monopolies, inflation narrative, and agricultural commodities affect the grocery bills.
