Why Your Grocery Bills Are Going Up (And Are Only Expected to Get Bigger) - Foundation for Economic Education

Why Your Grocery Bills Are Going Up (And Are Only Expected to Get Bigger) - Foundation for Economic Education

• It’s official: food inflation has arrived. Food prices soared 3.9 percent in 2020, the Department of Agriculture recently reported.

"Americans spent a lot of money on groceries over the past year—and it isn’t just because they were eating more meals at home. According to the Bureau of Labor Statistics, food prices jumped 3.9 percent in 2020, nearly triple the rate of inflation.

...“I think food prices are going to continue to increase for probably a good year, year and a half,” warns Phil Lempert, founder of SupermarketGuru.com...Read all!