Grocery Prices Surge Amid Tariff Impact and Rising Costs
Grocery prices in the US have increased the most since 2022, driven by tariffs and supply chain issues, impacting consumers and retail strategies amid ongoing economic debates.
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Grocery Inflation
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Report shows DFW grocery inflation among highest in US
Grocery inflation in Dallas-Fort Worth (D-FW) hit 14.03% in 2022, exceeded only by Detroit’s 14.49% increase, according to a new U.S. Government Accountability Office report. From 2013 to 2022, North Texas’ retail food prices increased on average by about 2% each year. Prices shot up about 11% from 2021 to 2022, according to the report based on government data collected by the Bureau of Labor Statistics and U.S. Department of Agriculture. The differences between metro areas are attributed to retailers passing on local cost increases in transportation and retail overhead expenses, such as labor and rent, to consumers, according to USDA.