MEMPHIS, Tenn. — Issues with the supply chain are putting the squeeze on wallets.
The prices of food are already rising, and you may be paying more for your groceries, next year as well.
Rising grocery prices are not just noticeable, they’re changing the way some are thinking about upcoming holidays.
“Absolutely,” said grocery shopper Tim Hall, outside an East Memphis grocery store.
Hall said he was likely going to have to scale back his Thanksgiving dinner plans.
“With the current prices of food and gas, you almost have to make a decision between the two,” he said.
According to those tracking prices, hard numbers show you are paying more for groceries than you did at the same point last year and will pay more next year, too.
The US Department of Agriculture Economic Research Service shows prices are up, both when eating out, and eating at home.
Comparing Aug. 2020 to Aug. 2021, costs from eating out were nearly 5 percent higher, according to the department.
The costs of eating at home were up 3 percent.
The prices of poultry and fish at the grocery store were 8 percent higher, numbers the department showed.
The cost of beef and eggs went up 12 and 10 percent, respectively.
“I bought cheerios one week and they were $3.99 at one store; I went back the next week or so and they were $4.19,” said Atlene Johnson, another grocery shopper.
At home food prices were forecasted to go up as high as 3.5 percent next year, the department said.
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