Grocery Prices Soar 25% as Food Companies Raise Rates, While Retailers Have Little Recourse to Challenge Increases

Grocery prices rose over 25% from 2019 to 2023, with items like beef, chips, and soda seeing large increases

A European grocery chain recently stopped stocking some Pepsi products due to "unacceptable price increases"

US grocery chains have not publicly confronted food companies over prices hikes like this, likely due to greater market concentration

Walmart has over 25% of the US grocery market, giving it more leverage over suppliers compared to more fragmented European markets

Meaningful change may require dismantling food monopolies rather than retailers taking a stand against suppliers