Deep Dive: Supply chain issues and inflation. How much more are you paying at the supermarket?
How much are the supply chain issues and inflation impacts hitting your wallet? In this week's Deep Dive, News 12's Kristie Reeter and Investopedia’s Caleb Silver break down certain staples everyone buys to see if you are paying more.
News 12 asked Twitter: Have you seen a big increase in your grocery bill over the past year? Out of 1,500 votes, 88% said yes. We asked Silver what price change he is seeing.
"Nearly across the boards Kristie in the state of Connecticut, not as bad as New York and New Jersey, but still almost every food item, fruits and vegetables, up 0.2% from last September, dairy products up 0.8%, meat, poultry and fish up 7% and cereals and baked goods up 3% in the state of Connecticut,” says Silver.
Are we seeing a bump in price with inflation on those?
"Yeah, certainly in the seafood category but especially in clams, they are up 10% in price from September to last September and we know those prices are likely to increase as we go into the rest of year,” says Silver. “So you are feeling it across the seafood category, but really across every aisle in the supermarket."