Overall inflation seems to be declining, but don’t tell that to a U.S. grocery store shopper.
Food prices were up 9.9% in 2022, and are expected to ride by 7.1% according to the U.S. Department of Agriculture.
More specifically, key household products are rising significantly higher. At Walmart (WMT) – Get Free Report, egg prices have risen from $2 to $6.65 in recent months. At the grocery store chain Publix, a carton of eggs costs about $8.00 in late January.
That’s not all.
A wholesale crate of lettuce costs about $100 right now. That’s about four times higher than costs in 2021. A tub of butter costs around $5.00 these days, compared to $3.50 a year ago.
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