Grocery prices have jumped up, and there's no relief in sight
6 hours ago
- #inflation
- #grocery prices
- #consumer stress
- Grocery prices have increased by 29% since February 2020.
- Factors driving price hikes include pandemic supply chain disruptions, Russia's invasion of Ukraine, avian flu, and tariffs.
- Many Americans, like retired nurse Shelia Fields, are stressed and altering shopping habits to cope with high prices.
- Shoppers are making smaller, more frequent trips, using coupons, and opting for cheaper private-label products.
- President Trump's tariffs on imported goods like bananas and coffee have contributed to rising prices.
- Coffee prices have surged over 20% in the past year, partly due to tariffs and weather conditions.
- Grocery prices have become a significant political issue, with many Americans feeling financial strain.