Three major reasons behind grocery price increases

Breakdown

• Grocery prices have risen nearly 3% compared to the previous year. 26s
• The fastest monthly food price increase since late 2022 was recently recorded. 33s
• Climate change, labor shortages, and tariffs are the three main reasons for rising grocery prices. 51s
• Coffee prices have increased by more than 20% due to high tariffs on imports from Brazil. 1m 4s
• Consumers are adapting by buying store brands, shopping at multiple stores, and using coupons. 1m 35s