{"id":6443,"date":"2024-08-16T11:38:26","date_gmt":"2024-08-16T11:38:26","guid":{"rendered":"https:\/\/digitaltradecenter.com\/index.php\/2024\/08\/16\/surging-grocery-prices-have-settled-down-but-shoppers-are-still-adjusting\/"},"modified":"2024-08-16T11:38:26","modified_gmt":"2024-08-16T11:38:26","slug":"surging-grocery-prices-have-settled-down-but-shoppers-are-still-adjusting","status":"publish","type":"post","link":"https:\/\/digitaltradecenter.com\/index.php\/2024\/08\/16\/surging-grocery-prices-have-settled-down-but-shoppers-are-still-adjusting\/","title":{"rendered":"Surging grocery prices have settled down, but shoppers are still adjusting"},"content":{"rendered":"

Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down.<\/p>\n

On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year \u2014 the ninth-straight month of sub-2% increases. <\/p>\n

<\/div>\n

For the average consumer, the new price levels can take years to adjust to, economists say. Between January 2021 and December 2022, grocery prices shot up more than 20%.<\/p>\n

As of July, consumers pay about $0.80 more for a gallon of milk (about $4 total), though dairy prices were already increasing before the pandemic hit. Likewise, a loaf of wheat bread is now $0.80 more to about $2.69 and a pound of ground beef is up $1.62 to $5.50.<\/p>\n

One outlier is eggs. The cost of a dozen \u2014 though volatile thanks to avian flu \u2014 has doubled to more than $3. <\/p>\n

Still, between January 2023 and July 2024, average grocery prices have only increased a cumulative 1.4%. <\/p>\n<\/p>\n

This post appeared first on NBC NEWS<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down. On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year \u2014 the ninth-straight month of sub-2% increases. For the average consumer, the new price levels can take years to adjust to, economists say. Between January 2021 <\/p>\n","protected":false},"author":1,"featured_media":6444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-6443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/6443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=6443"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/6443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/6444"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=6443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=6443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=6443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}