So you think food prices are high now?

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If you think your grocery bills are high, wait until next month.

A fresh wave of supermarket price hikes is expected to begin in January, raising prices anywhere from 2% to 20% on a slew of staples including pasta, condiments, soups, cookies, produce, dairy products and meats, according to a report.

A soaring inflation rate of 6.8% as of November — the highest rate of increase in 39 years — shows no signs of slowing down, with major food manufacturers preparing to raise their prices once again, according to the Wall Street Journal.

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Persistent supply-chain disruptions and increasing labor costs are a major factor in the increases.

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Kraft Heinz — which makes Oscar Mayer lunch meats, Kraft Macaroni & Cheese and Jell-O pudding — told retailers it is planning to raise prices on some items by as much as 20%, according to a memo viewed by the paper.…n-january/

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Your groceries are about to get even more expensive in 2022
Researchers estimate food prices will rise 5% in the first half of next year.…e-in-2022/


h/t prosthetic brain

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