Why are grocery prices so high?
Several factors affect food prices, such as:
- Supply chain challenges, including those related to COVID-19 and global relations such as the war in Ukraine.
- Inflation.
- Higher labor and transportation costs.
- Animal disease, such as the avian flu in 2022 which impacted egg and chicken prices.
- Extreme weather events which damage crops and affect animals.
The USDA expects grocery store prices to increase 1.2% in 2024 compared to 2023. Although the federal government can take indirect action to help manage grocery prices, it does not have a direct say in controlling price increases.
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