"A sharp increase in grocery bills arrived soon after the COVID-19 pandemic hit in 2020. As supply chains all around the world were suddenly disrupted, the cost of pantry and fridge staples noticeably increased. But once the pandemic was over, prices kept climbing, resulting in a sharp and rapid inflation, the likes of which we haven't seen in half a century."
"Despite the 43% price spike, candy is not at the top of the inflation list. The grocery item with the highest price jump since March 2020, per Trace One, is beef. Ground beef is 52.2% more expensive now, while beef steaks have increased in price by 57%. But it's the beef roasts that take the cake, no pun intended. Those cost 73.8% more than they did in 2020, rising in price by 17.5% just in the last year."
Global supply chain disruptions after COVID-19 triggered sharp grocery price increases beginning in 2020. Prices continued rising after the pandemic, producing rapid inflation not seen in decades. Candy prices rose 43% since March 2020 and climbed 20.7% over the last three years, 13.6% over two years, and 10.1% in the past year. Sugar and sweeteners increased 38.3% since 2020. Cakes, cupcakes, and cookies cost 33.2% more, and ice cream costs 19% more than six years ago. Beef experienced the largest jump: ground beef 52.2%, steaks 57%, and roasts 73.8%.
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