"We haven't seen anything yet": Food prices continue to climb

“We haven’t seen anything yet”: Food prices continue to climb

If you happen to suppose you are paying extra on the grocery retailer – you are not mistaken. Wholesale prices are at report highs and a few objects are scarce, CBS Los Angeles reports.

One girl stated her grocery invoice has been slowly climbing over the previous few weeks. “The prices are just so high,” she stated.

She’s not alone.

“Everything just seems to be a dollar to two dollars higher,” stated shopper Kathleen Postal. “This creep has just happened and it’s very expensive.”

In accordance to the Labor Division, wholesale prices jumped 8.3 p.c from August of this 12 months in contrast to August of 2020 — the largest acquire because the division began monitoring these prices greater than a decade in the past.

“We haven’t seen anything yet,” stated SuperMarketGuru.Com editor and meals business analyst Phil Lembert. “Prices are going to continue to go up for a good year and a half.”

“The biggest increases we will see has to do with anything with animals,” he stated, “Whether it’s eggs or milk or pork or beef.”

Northern California wildfires have decimated their feed suuply.

Common provide chain points like bottlenecks on the Port of Los Angeles and labor shortages are additionally to blame.

“We have a huge problem with a lack of truck drivers,” Lembert stated. “Refrigerated transport is up about 10.4 percent in cost.”

And as prices have elevated, provides have decreased.

“We’re just having a hard time finding the types of things we want,” Postal stated.

CBS L.A. noticed restricted provides of issues like milk, butter, soda, snacks, paper merchandise and baking provides at shops it visited.

“Retailers who are filling out their orders to fill their shelves are not getting what they order,” Lembert stated. “It’s estimated to be anywhere between 50 and 70 percent of what they order.”

Specialists say it nonetheless pays to store round. Consumers might want to attempt unbiased grocers or shops with totally different enterprise fashions like The Greenback Retailer or grocery shops.

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