April saw the sharpest increase in grocery store prices in nearly 50 years

[dalton99a]

https://www.boston.com/news/food/2020/05/12/april-saw-the-sharpest-increase-in-grocery-store-prices-in-nearly-50-years

April saw the sharpest increase in grocery store prices in nearly 50 years
Overall, consumers paid 2.6% more in April for groceries, the largest one-month jump since February 1974.
By Laura Reiley, The Washington Post
May 12, 2020 | 5:35 PM

Grocery prices showed their biggest monthly increase in nearly 50 years last month, led by rising prices for meat and eggs, the U.S. Bureau of Labor Statistics reported Tuesday.

U.S. consumers paid 4.3% more in April for meats, poultry, fish and eggs, 1.5% more for fruits and vegetables, and 2.9% more for cereals and bakery products, the Labor Department said.

Overall, consumers paid 2.6% more in April for groceries, the largest one-month jump since February 1974.

The jump in food prices came in a month when more than 20 million Americans lost their jobs, driving one in five households into food insecurity.

[marybourg]

1. And that's without counting the prices at Amazon.

[procon]

2. Amazon's prices have skyrocket.

Before Covid 19 they were competitive with Wal-Mart on most of the stuff I buy, but no more. I paid $3.96 for 32oz bag of white rice at WM, and the same size pkg at Amazon was $32 from an unknown 3rd party seller.

Talk about price gouging!

[Tracer]

3. It's the price jump in meat that I notice the most.

Not surprising either due to the CV outbreaks in processing plants.

A 1 pound package of ground beef was $10.00 last Saturday at my market. I passed it up.

[shanti]

7. Shoot

And I thought that the $7 package of hamburger that I saw was high...

[BComplex]

4. I've been telling my husband how much groceries cost now. A bag that used to cost $50

now costs $80. I don't know where they think it's only gone up 2+%.

[Dyedinthewoolliberal]

5. Hmmmmmm.....

I wonder why? If asked what would the answer be on why the prices went up? Just in time with the Covid issue...……...Might they be taking advantage?

[ChoppinBroccoli]

6. Gougey Gougey

That's the beauty of capitalism. Make people desperate for something and then overcharge them for it. Price gouging is as old as time itself. The oil industry has been using it for decades.

[tecelote]

8. Buy local as much as possible.

It's good for the planet and supports your neighbors.

It's healthier as well.

[mercuryblues]

9. I'm finding the pricing is sporadic

A few weeks ago chicken was pretty high. This week hamburger meat jumped up and chicken went down.