Expect These 5 Foods To Cost More This Summer

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A significant side effect of the coronavirus pandemic is the current inflation experienced by consumers. According to NBC News, consumers recorded price increases for the third consecutive month in June, jumping 5.4% year-over-year as demand outstrips supply. From the price of gasoline to the grocery store, there’s no getting around the fact that when the world reopens we’ll be paying more to get our usual stuff, including that morning cup of jo.

Jayson L. Lusk, distinguished professor and head of the agricultural economics department at Perdue University, told TODAY Food that one of the main reasons for the rise in grocery prices is that Americans are eating out. new to the restaurant.

“Food prices, overall (at home and away), increased 2.4% in June 2021 compared to June 2020,” he said. “Most of the increase this summer is due to higher prices for food consumed in restaurants. Compared to last summer, prices for food consumed outside the home have increased by 4 , 2%, significantly more than the usual annual rates of increase.

Lusk said beef and chicken prices weren’t that much different this summer than they were last summer, but it should be noted that prices, especially for beef, were unusually high. last summer. “So one way to think about it is that beef was expensive last summer and is still expensive this summer,” he said. It’s a big expense that hits you hard, especially during the grilling season. “Pork prices have gone up and are about 3% higher this summer than they were last summer.”

Lusk said based on the latest data from the U.S. Bureau of Labor Statistics, five foods are sure to be more expensive this summer based on increases from June 2020 to June 2021.

  1. Bacon – up 15.6%.
  2. Whole milk – up 11.2%.
  3. Eggs – up 5.7%.
  4. Ground coffee – up by 1.9%.
  5. Bananas – up 1.2%.

In contrast, grocery products like flour and potatoes have seen their prices drop since last summer.

“The prices for these particular items are lower today because we were able to work our way through some of the COVID-related supply chain disruptions that were still plaguing many food markets last summer,” he said. Lusk said.

On his blog, Lusk noted that wage increases in food manufacturing can affect food prices. And as more people get vaccinated and return to restaurants, the demand for our favorite restaurants is increasing, driving up the cost of food.

“One of the reasons we are seeing outdoor food prices increase is that as we come out of the pandemic more and more people are eating out and this additional demand is putting pressure on prices. restaurants, ”Lusk said. “In addition, pay rates for restaurant workers are on the rise, putting pressure on food prices in restaurants.”

Regarding pork, Lusk said there were a few factors at play. “Feed prices (corn and soybeans) are higher and China has increased its imports of US pork. Additionally, the hog herd is smaller, in part due to the fact that we continue to deal with the supply chain disruptions of the past year.

But fear not, you don’t have to cancel that lunch with friends or forgo making another banana bread. there are a few simple tips you can use to save money at the grocery store, including tracking your grocery expenses, taking inventory of what you already have (and using!), and planning for meals to reduce food waste and save on your food bill.

Savvy shoppers will also monitor sales, shop around, and consider buying useful, non-perishable items in bulk and even using an extra freezer where possible. When it comes to saving money, cheap and healthy can go hand in hand.


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