Grocery prices are up 29% since pre-pandemic levels—and they're still climbing. This spike is driven by a perfect storm: pandemic-related supply chain breakdowns, the Russia-Ukraine war pushing up commodity and energy costs, bird flu cutting egg supply, and droughts in both the U.S. and Brazil affecting meat and crops. Add in tight immigration policies raising farm labor costs, plus extreme weather like floods, and it’s clear: food inflation is here to stay—and it’s hitting everywhere.
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