Grocery prices have risen sharply since the beginning of coronavirus
Increased demand and slots in the food supply chain make the grocery more expensive.
If you feel that your weekly grocery expenses have increased considerably in the last three months, you can not imagine things.
Just releasereport From the Bureau of Work Statistics reveals that the price of grocery stores increased by 0.7% in May. This may not look so bad, but when you consider that it happened on an increase of 2.6% in April, which represents the largest month's monthly increase. This represents a total 3.3% grocery price increase over two months.
Considering that 38 million Americans alreadyinvoked on food stamps in 2019, this increase in food costs at a global pandemic has made more difficult for millions of Americans to get the food they need. This has particularly affected people living in low-income or low access areas, where the nearest grocery store is at least one mile, according toCNN company.
The steeper cost of the food has been caused by a number of variables, but there are two main that have had the biggest effect. First of all, there wasa sharp increase in grocery demand Due to strict locking orders around the country. At a time,Food supply chains have been taxed throughCoronavirus epidemics Stop processing plants and travel restrictions making the transport of more difficult goods. Combine these two problems and you finish less, and therefore more expensive food products.
It is also important to note that the Bureau of Labor Statistics report shows that the overall price increase in grocery has been carried out largely by a 10.8% increase in the cost of the cost ofbeef In May - the largest monthly increasealready measure. It was in addition to an increase of 3.7% of the price of meat, poultry, fish and eggs (the price of eggs increased by 16.1% in April).
In addition, dairy prices increased by 1% and fruits and vegetables of 0.5%. While the prices of non-alcoholic beverages and other "home food products" remained the same in May, the cost of cereals and bakery products actually dropped 0.2% in May after increased by 2 , 9% in April. Maybe people had enough bakery products at home becauseThey made it from scratch?)
Grocery shopping have become an essential activity during the coronavirus pandemic and, consequently,Prices have increased considerably. AsThe slots in the food supply chain are ironed, And more restaurants reopen, it is likely that prices come back to pre-pandemic levels, but it can take a little longer than anyone really wants.
