The brutal combination of rising labor costs, commodity costs, and supply chain disruptions post-pandemic has pushed food prices up by a whopping 31% since 2019, and the threat of the Trump Administration's steep tariffs could make grocery bills even worse. This has had a direct effect on how Americans eat, with Pew reporting that the percent of food insecure households rose by 30% from 2020 to 2023.
While most food companies are seeing declines in consumer demand, sales of Hamburger Helper are up 14.5% in the year through August, getting an extra bump from its appearance on an episode of "The Bear" in June, according to the company that owns the brand, Eagle Foods. It's not just Hamburger Helper. Purchases of rice are up 7.5% this year. Distressed shoppers are also buying more cans of tuna, salmon and sardines. Sales of beans and boxes of macaroni and cheese are also strong, based on data from the research firm Circana.
Elected in 2022, Adams made his mark in office by mitigating rising prices with affordability announcements, including a 2024 proposal to lift income taxes for low-income New Yorkers. This administration has put $30 billion back into the pockets of working-class people, the mayor told amNewYork. On July 10, Adams also announced an additional $80 million for expanded child care, another costly but essential service that hurts many low-income families in the city.
Everyone knows that sinking sense of dissatisfaction as the grocery bill totales higher than you thought for less than you wanted. Whole Foods and The Fresh Market are health-focused contenders on the U.S. supermarket scene, but Tasting Table couldn't resist digging a little deeper to see which provides the best bang for your buck. The findings were surprisingly revealing: The Fresh Market takes the edge ... just.
Trader Joe's is in growth mode, adding 30 new locations that will push it past 600 stores nationally. The expansion-spanning California, Texas, New York, Oklahoma, and more-is a striking contrast to the wave of retail closures hitting other chains.
"While the actual level of the tariffs that the President is looking to impose has changed seemingly by the day, they are going to lead to higher prices at the grocery store on items from countries like Canada and Mexico."