Sticker shock: Almost everything at the grocery store is getting more expensive these days

Coronavirus

WASHINGTON, DC – APRIL 28: Chicken sits on the shelf at a grocery store, April 28, 2020 Washington, DC. Meat industry experts say that beef, chicken and pork could become scarce in the United States because many meat processing plants have been temporarily closed down due to the coronavirus pandemic. Tyson Foods took out a full page advertisement over the weekend in several major American newspapers, warning that the food supply chain is on the cusp of breaking. (Photo by Drew Angerer/Getty Images)

You’ve probably noticed prices spiking at the grocery store.

From February to June, meat and poultry prices rose about 11%, according to the Bureau of Economic Analysis, which tracks personal consumption expenditures to measure inflation. Beef and veal prices recorded the highest increase, spiking 20%. Pork spiked 8.5%.

Egg prices were up 10% while cereal and fresh vegetables saw a 4% increase.

Part of the reason: more people are staying at home, driving up the demand for groceries during the pandemic. In addition, they’re eating out less.

But that’s not the only reason prices are up.

Disruptions in the supply chain have created scarcity and higher prices, even though there’s no significant food shortage.

Early in the pandemic, major meat processors closed when employees became sick. Since then, operations have slowed due to new safety practices, tightening the supply. Many of those plants still aren’t at full capacity.

Latest News

More News