Inflation is affecting rising food prices, financial experts say

Inflation is affecting rising food prices, financial experts say

When Gloria Davis finds them, she said she ends up paying more, along with the rest of her groceries. “It doesn’t really bother me that much except when they run out of the chicken wings now, that messes me up, you know I want those chicken wings,” Davis said. “Back in the day I remember cutting out all those coupons because I had to raise three kids, so I understand, a lot of these families it’s not fair to them,” Davis said.

“50 out of 52 items that are tracked at the grocery store have increased in price from previous years,” Burkholder said. “Production issues, things that have been shut down are now not ramping up quick enough and then you have the federal government putting unprecedented stimulus into the economy, Burkholder said.

He said items have gone up anywhere between 7-20%. This includes everything from fruit and vegetables to eggs, dairy, and meat. Burkholder said right now is the perfect storm caused by supply chain disruptions from the pandemic and the pent-up demand from consumers.

Source www.newson6.com Burkholder believes we could see some relief from the higher prices by the end of the year.

“Prices could stay a little higher but I think long-term most of this is short term, supply chain and demand disruptions and hopefully we will see some return to normalcy,” Burkholder said. Burkholder believes once production picks back up, consumer prices will ease up.

The News Highlights

  • Inflation is affecting rising food prices, financial experts say
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
In iOS 15, the Apple Watch unlock option also works with Siri queries

How the Apple Watch Transformed from a Flop to the King of Smartwatches

It was initially deemed a flop in 2016 and failed to win customers over in the months after it launched. TOP VIDEOS FOR YOU 07:15 Any of these 19 ...
Buffalo to Create Support Program for Minority-Owned Businesses with Federal Funds

Buffalo to Create Support Program for Minority-Owned Businesses with Federal Funds

The city said it would also attempt to attract start-ups and businesses from other regions to “and provide younger college graduates of color different career ...
City Finance Director Explains Accounting Error in FY22 Budget |  News

City Finance Director Explains Accounting Error in FY22 Budget | News

“At the time the City Manager’s Proposed Budget was prepared in late March and presented to the City Council beginning on April 6, we had inadvertently loaded ...
Basel Cellars becomes Yellowhawk Resort |  The business

Basel Cellars becomes Yellowhawk Resort | The business

The owners also announced an annual wine and food event at Yellowhawk called The Shindig to be held August 27-29. Other plans include expanded lodging, ...
American Legion Pilots Raise Money for Scholarship Fund |  News

American Legion Pilots Raise Money for Scholarship Fund | News

“It’s meant to assist descendants of 9/11 service members who have died since 9/11. But it also now helps those veterans who have been disabled and have a ...
Another social media post features Apple’s Beats Studio Buds

Another social media post features Apple’s Beats Studio Buds

The latest sighting comes from an Instagram post by soccer star Alex Morgan, who appears to be wearing a white pair of the earphones as she arrives in Texas ...
Crypto Shadow Banking explained and why 12% of earnings are common

Sunday June 13 – Twin Cities

Fredrikson & Byron, Minneapolis, announced that Attorney Zachary S. McFarland has joined the firm as an associate in the Litigation Group. LAW MEDIA ...
Google Chrome 90.0.4430.93 is available

Why Should You Avoid Using Google Chrome On Your iPhone, iPad, Or Mac?

“The opportunities for fingerprinting have been removed,” Apple said of its Safari update, just as Mozilla warned that Chrome’s latest update poses ...
Americans near the Mexican border ‘arm themselves’ against migrants

Americans near the Mexican border ‘arm themselves’ against migrants

—Zach D Roberts (@zdroberts) June 13, 2021—Russell Foster for Texas (@RussellFosterTX) June 13, 2021—Fred Wellman (@FPWellman) June 13, 2021 Trump was ...
Center appoints Ministry of Finance official Anand Mohan Bajaj to SEBI Board

Center appoints Ministry of Finance official Anand Mohan Bajaj to SEBI Board

The SEBI Board comprises of a Chairman, two members from amongst the officials of the Finance and Corporate Affairs Ministries; one member from the Reserve ...
Show next
Compsmag - Latest News from tech, business and health
Logo