Consumers are seeing inflation from many industries including food.
Today's Consumer Price Index shows a monthly rise of 0.8 percent in April and 4.2 percent year over year. Food rose 0.4 percent in April, but fruits and vegetables were up 0.8 percent, led by fresh fruits' increase of 1.5 percent in the month.
The 11th annual edition of Canada's Food Price Report forecasts an overall food price increase of 3 to 5% for 2021. The most significant increases are predicted for meat at 4.5 to 6.5%, bakery at 3.5 to 5.5%, and vegetables at 4.5 to 6.5%.
Potatoes, onions, lettuce, grapes and salad mix are among more than a dozen grocery staples Wegmans Food Markets is offering with lower prices following the government shutdown.
A new report from Jacksonville, FL-based Acosta Inc. shows grocery prices have been increasing steadily over the past five years, thanks to increasing costs from manufacturers.