Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Surging grocery prices have settled down, but shoppers are still adjusting

by admin August 15, 2024
August 15, 2024
Surging grocery prices have settled down, but shoppers are still adjusting

Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down.

On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year — the ninth-straight month of sub-2% increases.

For the average consumer, the new price levels can take years to adjust to, economists say. Between January 2021 and December 2022, grocery prices shot up more than 20%.

As of July, consumers pay about $0.80 more for a gallon of milk (about $4 total), though dairy prices were already increasing before the pandemic hit. Likewise, a loaf of wheat bread is now $0.80 more to about $2.69 and a pound of ground beef is up $1.62 to $5.50.

One outlier is eggs. The cost of a dozen — though volatile thanks to avian flu — has doubled to more than $3.

Still, between January 2023 and July 2024, average grocery prices have only increased a cumulative 1.4%.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump Media stock drops 5% after quarterly loss and Trump’s return to X
next post
Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle

Related Posts

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Emirates’ chairman has a message for Boeing: ‘Get...

May 8, 2024

GM slows its EV plans again even as...

July 25, 2024

Costco cracks down on membership card sharing

August 9, 2024

Target calls price hikes a ‘very last resort’...

May 22, 2025

Data center boom in world’s largest market isn’t...

May 3, 2025

Tesla to recall 125,227 vehicles over faulty seat...

June 1, 2024

Willow Bay and Bob Iger to take controlling...

July 19, 2024

American Express to pay $230 million to settle...

January 18, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump welcomes Polish president with flyover tribute to fallen fighter pilot

      September 4, 2025
    • Epstein victims press lawmakers to support bill to release hidden files, say Americans will be ‘appalled’

      September 4, 2025
    • Trump hits back at reporter who said he’s taken ‘no action’ against Russia

      September 4, 2025
    • Trump’s political advisers huddle with House GOP over rebranding of the big beautiful bill

      September 4, 2025
    • SCOOP: House GOP eyes more Medicaid reforms in second budget reconciliation bill

      September 4, 2025

    Categories

    • Business (1,098)
    • Investing (2,969)
    • Politics (3,619)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved