Rising grocery prices are frustrating consumers across the nation — including President Biden. But changing tastes also play a role.
Micheline Maynard has focused on the business world for much of her career. Also known as Micki, she has been a writer and editor at news organizations including The New York Times and NPR, and is the author of six books, including her most recent, Satisfaction Guaranteed: How Zingerman's Built A Corner Deli Into A Global Food Community.coined the phrase, “The Rent is Too Damn High” while running for mayor of New York, and later, governor of the Empire State.
Grimes’ analysis showed that prices for processed foods rose 22% in the four-year period from 2020 to 2024 and are the second highest it's ever been in the past 20 years. Meanwhile, food eaten away from home, which includes all types of restaurants, is at its highest level in two decades, up 25.6% in 2020. In urban areas alone, the cost of sit-down restaurant meals is up 24.
Between January 2020 and past January 2024, wholesale prices for food rose by an estimated 22.4%. And prices for processed foods rose 22% in the four-year period from 2020 to 2024 — the second highest in the past 20 years., a partner and managing director at consulting firm Alix Partners, where he oversees grocery practice. But he cautions that the big stores’ moves will not be felt across the board. “It doesn’t mean that they are super cheap on everything every day,” he says.
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