Food prices rose in June for 6th-straight month.
Supermarket bills have risen as quarantined consumers began to eat all of their meals at home, increasing demand and tightening supply. Some consumers, not used to seeing bare shelves and wanting to limit the number of supermarket trips to avoid coronavirus contamination, stockpiled their pantries.
Soft drinks and other nonalcoholic beverages rose by 0.7 percent last month, with cereal and bakery products and fruits and vegetables both up by 0.4 percent. The only major category to decline was dairy and related products, falling 0.4 percent, the first decrease in a year. "Still, promotional activity has room to grow before getting back to pre-pandemic levels," with promotional activity in the grocery department still down 11 percentage points since the first COVID-19 cases were reported in the U.S., Tedesco said.
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