Inflation has been spiking the cost of a number of items that are hurting the pockets of American consumers.
, prices for nearly every item have gone up over the last 12 months. The balloon in prices have been driven, in part, by existing supply chain issues and the Russian invasion of Ukraine.
Grocery items in particular are measured via the Food at Home Index, which monitors year-round price changes in major grocery items, namely cereals, meat, dairy and produce. The Food at Home Index saw a pronounced 13.5% increase, also outpacing the 11.4% increase seen in overall food prices., a monthly release detailing year-over-year price changes in different industries.
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