Friday, September 24, 2021

"Grocery prices to rise another 3% before the end of year, Kroger warns with cost of beef already up 14% and pork 12% since December"

Okay kids, with the price of oats going through the roof we are going to have to switch from gruel to boiled cabbage.
So no more of the "Please sir, I want some more?" schtick.

From the Daily Mail (as if you couldn't tell from the hundred word headline), September 12:

  • Grocery prices are headed higher later this year, according to Kroger, the largest supermarket by sales in the U.S.
  • While inflation is running hot, management is anticipating prices of its groceries to rise 2 percent to 3 percent over the second half of this year
  • Within the consumer price index, the component for food at home has risen five months in a row and is up 2.6 percent this year
  • Beef prices have risen 14 percent this year while pork prices have jumped 12.1 percent, and poultry prices are higher by 6.6 percent compared to 2020
  • The fresh fruits category has had the largest relative price increase (4.9 percent) and the fresh vegetables category the smallest (0.4 percent) compared to 2020
  • The Biden administration said that increased demand and supply-chain issues are not the only reasons for inflation as he points the finger at meat processors...

....MUCH MORE