Grocery Bills Soar 25% Since 2020 with No Relief in Sight for Shoppers

Grocery prices rose 25% since 2020, after taking 16 years to rise that much previously. Prices likely won't fall back to pre-pandemic levels.

Higher costs of production, including wages, transportation, ingredients, etc have driven up prices. Supply chain issues also reduced supply amid high demand.

Specific items like chips, soup, mayonnaise, cheese, chicken, pop, cooking oil, and baby food have risen anywhere from 33% to 60% in price since 2020.

Reasons include ingredient supply issues, higher input costs, strong consumer demand, Ukraine war limiting sunflower oil, and bird flu reducing egg and chicken output.

Prices might fall slightly in 2023 for some items like eggs, chicken, and vegetable oils, but elevated costs will keep most food prices higher than pre-2020.