Advertisement

Groceries are getting more expensive

Stock photo of grocery store.
Stock photo of grocery store.(KEVN)
Published: Aug. 7, 2020 at 8:57 AM MDT
Email this link
Share on Pinterest
Share on LinkedIn

NEW YORK (CNN) - Prices are spiking at supermarkets, and it’s not just because people are eating in and dining out less.

From February to June, meat and poultry prices rose nearly 11 percent. Beef and veal prices recorded the highest climb -- spiking 20 percent.

People are paying more for other staples, too. Egg prices are up 10 percent, and cereals and fresh vegetables are up 4 percent.

This is all new data from the Bureau of Economic Analysis, which tracks personal consumption expenditures to help measure inflation.

While there’s no significant shortage of food, disruptions in the supply chain have created scarcities and higher prices.

Major meat processors shuttered months ago when employees got sick, and operations have since slowed due to new safety practices, which has tightened the country’s supply.

Copyright 2020 CNN. All rights reserved.

Latest News

Latest News