A recent trip to the grocery story likely made a bigger dent in your wallet. Data from the USDA shows around a 6% increase in monthly food costs for individuals from the beginning of 2021 to the end of the year.
Data from the USDA shows around a 6% increase in monthly food costs for individuals from the beginning of 2021 to the end of the year.For Mentor Family Foods co-owner P.J. Conway, the price increases across the board present a difficult scenario.
Bill Kosteas serves as Associate Dean and professor of economics at Cleveland State University and points to issues such as COVID-19 shutdowns at food processing facilities, as well as transportation and energy prices as key issues that could further impact prices going forward. For Conway, he told News 5 he’s preparing for another price hike in products ranging from anywhere from 8-10% by the end of the summer.
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