Grocery prices increased 27% above 2020 levels, surpassing overall inflation, due to supply chain disruptions and other factors.

Since the pandemic, grocery prices have increased 27% above 2020 levels, surpassing overall inflation. Consumers struggle to afford groceries, leading some to debt and utilizing credit cards, savings, and payday loans. Supply chain disruptions due to labor shortages, fuel costs, and droughts are usually cited as the main cause, but a deeper probe reveals other factors at play.

July 20, 2024
4 Articles