Food inflation: As grocery prices continue to soar, see which states, cities have it worse

2024-12-25 09:41:04 source:lotradecoin fees category:News

Rising food prices have slowed down compared to the previous few years, but Americans are still feeling the pain of high prices.

Between July 2023 and July 2024, food prices rose 2.2% - down from 4.9% the previous 12-month period, according to new data from the U.S. Bureau of Labor Statistics. But even with cooling food inflation, grocery prices are up about 25% compared to 2019, according to the bureau.

Heightened prices are eroding consumers' living standards, Joanne Hsu, director of the University of Michigan’s Surveys of Consumers, told USA TODAY in June.

“A lot of consumers, they'll tell us that things are painful specifically because of continued high prices,” Hsu said. “I think that is understandable. There are a lot of things that remain quite expensive for consumers and are a higher proportion of their monthly budgets than they were before.”

Changing prices of common grocery store items provides insight into how food inflation has changed in different states and metro areas. Here's where prices have risen the most:

Protect your assets: Best high-yield savings accounts of 2023

Where are Americans experiencing rising food inflation?

Datasembly, a website that provides up-to-date data on different brands, tracked how grocery prices have changed across the U.S. in the previous 12 months. Datasembly's Grocery Price Index measures weekly changes in grocery prices using data from over 150,000 stores and over 200 retail banners.

The company tracked price changes for the following food categories: snacks, baked goods, beverages, baby food, baby formula, cereal, cookies, crackers, meal solutions, grains/beans/pasta, baking, seasonings, sauces, candy, fruits, vegetables, condiments, dressings and pet food.

Vermont experienced the largest increase in grocery prices, followed by Hawaii and Oklahoma, according to the Grocery Price Index.

Population density can influence pricing strategy. Prices are likely to differ in urban areas compared with rural areas due to issues related to the supply chain and levels of demand, Consumer Affairs reported. Nationwide, average grocery prices in these categories increased less than 2% year-over-year.

States with the largest grocery price increases

In the past 12 months, grocery prices have increased the most for the following states:

  1. Vermont: 3.1% increase year-over-year
  2. Hawaii: 2.6% increase year-over-year
  3. Oklahoma: 2.1% year-over-year
  4. New Mexico: 2.1% year-over-year
  5. Alabama: 2.1% year-over-year
  6. North Dakota: 2% year-over-year
  7. Pennsylvania: 2% year-over-year
  8. Maine: 1.9% year-over-year
  9. New Hampshire: 1.9% year-over-year
  10. Delaware: 1.9% year-over-year

Which cities experienced the largest grocery price increases?

The following metro areas experienced the largest increases in grocery prices over the past 12 months:

  1. Oahu, Hawaii: 2.7% increase year-over-year
  2. San Antonio, Texas: 2.2% increase year-over-year
  3. West Texas: 2.1% year-over-year
  4. Oklahoma City: 2.1% year-over-year
  5. Greenville, South Carolina: 2.1% year-over-year
  6. New Orleans, Louisiana: 2.1% year-over-year
  7. Birmingham, Alabama: 2.1% year-over-year
  8. Syracuse, New York: 2% year-over-year
  9. Miami, Florida: 1.9% year-over-year
  10. Milwaukee, Wisconsin: 1.9% year-over-year

Contributing: Bailey Schulz, USA TODAY

More:News

Recommend

Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell

NEW YORK (AP) — About six months ago, Donald Trumpwas sitting in a courtroom in lower Manhattan list

Warmer Temperatures May Offer California Farmers a Rare Silver Lining: Fewer Frosts

Few things affect where fruit and nut trees can thrive more than temperature. Nuts and many fruit tr

Florida lawyer arrested for allegedly killing his father, who accused him of stealing from family trust

A Florida lawyer was charged on Monday for killing a man believed to be his father in a Boca Raton p