Posted 12/7/2023, 11:33:34 AM
Grocery Prices Expected to Keep Rising in 2024 But More Slowly
- Grocery prices will continue rising in 2024 but more slowly than recent years, with ongoing volatility expected
- Factors like inflation, climate change, animal disease, and war will continue driving unpredictable spikes across categories
- Watch for price hikes especially in eggs, meat, dairy, cereal, baked goods, processed fruits/veggies, fats/oils
- Shoppers changing habits, trading down to cheaper alternatives to manage costs
- Experts say prices won't likely fall to pre-pandemic levels though some stabilization expected