The increase in food prices has slowed down compared to the past few years, but the high prices are still a burden for Americans.
New data from the U.S. Bureau of Labor Statistics shows that food costs climbed 2.2% between July 2023 and July 2024, down from 4.9% in the previous 12-month period. According to the bureau, grocery costs are up almost 25% from 2019 levels, even if food inflation is falling.
According to Joanne Hsu, director of the University of Michigan’s Surveys of Consumers, who spoke with USA TODAY in June, consumers are seeing their living standards eroded due to rising prices.
The reason things are painful, according to many consumers, is the continuation of high costs, Hsu added. “It seems reasonable to me. Many items continue to eat up a sizable chunk of customers’ monthly budgets if not their whole budgets.
One way to see how food inflation has evolved in different states and metro areas is to look at the changing costs of typical grocery store items. See this area for the most significant price increases:
On April 12, 2022, in a supermarket in the nation’s capital. As the ever-increasing expenses of food, gasoline, and rent more than canceled out the slight decline in the value of used cars, inflation surged to a new 40-year high.
In what areas is food inflation on the rise for Americans?
Grocery price changes during the past year were monitored by Datasembly, a service that offers current brand data. Using information from more than 150,000 locations and 200 retail banners, Datasembly compiles a Grocery Price Index that tracks weekly fluctuations in food prices.
Snacks, baked goods, drinks, infant formula, cereal, cookies, crackers, meal solutions, grains, beans, pasta, baking, seasonings, sauces, confectionery, fruits, veggies, condiments, dressings, and pet food were all items that the business monitored for price fluctuations.
According to the Grocery Price Index, the states of Vermont, Hawaii, and Oklahoma had the most significant increases in grocery prices.
A price plan may need to take population density into account. According to Consumer Affairs, issues with the supply chain and demand levels are likely to cause prices in metropolitan areas to differ from rural areas. Across the country, these food categories had an average price increase of less than 2% over the previous year.
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States experiencing the most significant spikes in food prices.
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The following states have seen the greatest increases in food costs during the last year:
- Up 3.1% over last year in Vermont
- Increase of 2.6% from the previous year in Hawaii
- New Mexico: 2.1% annually
- New Mexico: Annual growth rate of 2.1%
- Georgia: 2.1% from the previous year
- The state of North Dakota: 2% increase from the previous year
- The state of Pennsylvania: 2% increase throughout the past year
- Down 1.9% from last year
- Up 1.9% from last year in New Hampshire
- Delaware: 1.9% from the previous year
In which cities did food prices rise the most?
Grocery costs rose the most in the following metro regions in the last year:
- A rise of 2.7% from the previous year in Oahu, Hawaii
- Location: San Antonio, Texas: 2.2% growth from the previous year
- Southwest Texas: 2.1% annually
- Downtown Oklahoma City: 2.1% increase from the previous year
- South Carolina’s Greenville: 2.1% annually
- Annual growth rate: 2.1% in New Orleans, Louisiana
- Annual growth rate: 2.1% in Birmingham, Alabama
- Syracuse, NY: 2% increase from the previous year
- South Florida’s Miami: 1.9% annually
- Annual growth rate: 1.9% in Milwaukee, Wisconsin
