Groceries Price Rose 5.4% From A Year Ago, Meats, Poultry and Fish Top The List

Have you seen the price for groceries in the last few months? Food prices overall rose 4.6% since September 2020, according to data released by the U.S. Bureau of Labor Statistics. Meats, poultry, fish, and eggs had the highest increased with a combined 10.5% increase. The Consumer Price Index, which measures the average change paid by consumers for goods and services, rose 5.4% from a year ago, up slightly from August’s 5.3% gain. This pushed annual inflation back to the highest increase in 13 years. It’s not all bad news. The Food Industry Association said, the average household spending has held steady at $143 per week, which is down from the $161 at the height of the pandemic in March and April of 2020. Click Here To Read More.

Reason –  Countless product shortages and widespread supply chain disruptions.

Tip –  Experts say buying in bulk from wholesale places can cut your number of shopping trips down and lower costs.

Source: USA Today