Grocery prices rise sharply as inflation hits new 40-year high

2411 N Oracle Rd near Grant, Tucson AZ

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McGary's Discount Groceries can still save our customers 30% to 50% off retail, stretch your food Dollars shop at Salvage Discount Grocery stores how do we do it? by selling off past Dated, damaged packages, Closeouts and more. https://www.grocerydive.com/news/grocery-prices-rise-sharply-as-inflation-hits-new-40-year-high/618653/ Sense Prices rose at a higher clip than economists expected in January, according to numerous reports. Food prices increased at a particularly steep rate, which will only deepen the concerns many retailers have over their ability to keep people shopping in their stores. Grocery prices in January rose across five of the six major categories measured by the BLS. Cereals and bakery products increased 1.8% during the month, while dairy and related products rose 1.1% and fruits and vegetables increased 0.9%. The only category that did not increase in January was the one that includes nonalcoholic beverages, which saw no change in pricing. Meat, fish, poultry and egg prices rose 0.3% in January but continue to lead annual increases among major categories, with prices up 12.2%, according to the latest figures. Pork prices rose 14.1%, chicken prices rose 10.3%, and fish and seafood rose 9.6% on an unadjusted basis, according to BLS data. Many grocers are holding down prices on staple goods in an effort to keep their customers visiting regularly. But that strategy is becoming increasingly painful as the monthly CPI for milk, eggs and bread continues to rise. Egg prices are up 13.1% over the past year on an unadjusted basis, according to CPI data, while monthly prices rose 2%.