Food prices on the rise
CBS America · New
CBS America
New
The U.S. economy has a case of food-flation. Wholesale prices for fresh veggies soared by a record amount last month while grocery costs were up 2.2% compared to last year. Lisa Rozner reports on how consumers are dealing with rising costs.
Breakdown
- Wholesale prices for fresh vegetables and grocery costs have risen significantly. 4s
- Staple items like coffee, ground beef, and eggs have seen double-digit price increases. 35s
- Tariffs on aluminum and steel are contributing to higher grocery prices, especially for canned goods. 1m 23s
- Most grocery store food is domestically produced, limiting the impact of import tariffs. 1m 43s
- Consumers are saving by buying in bulk, choosing store brands, and purchasing whole items. 2m 5s