The Hill lists price hikes for Americans in five items …..
You’ve probably felt your grocery bill growing over the past year, but seeing the numbers really puts it into perspective.
The Federal Reserve Bank of St. Louis tracks every type of economics metric you can think of, from exchange rates to crude oil prices. They also use federal data to keep close tabs on the cost of grocery staples, like bananas, coffee, cereal, and anything else you might throw in your cart. The prices of all those items (and more) haven’t just crept up over the past year – they’ve shot up.
The cost of groceries jumped up 11.3% across the board over the last year, according to the most recently available Consumer Price Index calculations. To take a closer look at what that means for the average shopper, we picked five breakfast grocery items and searched the St. Louis Fed for answers on how much more expensive they’ve grown in recent years.
Each of the charts below shows the change in price for one grocery item from January 2020 to January 2023. In some cases, you can see price hikes started happening back in 2021. In others, the increase is more recent.
You’ll also notice each graph has an area shaded in gray from February to April of 2020, indicating the short period of economic recession triggered by the onset of the COVID-19 pandemic….
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