Ground chuck, pork chops, and whole chicken showed year-over-year price increases of 11.3%, 15%, and 11.7%, respectively.
. The report was released amid the highest documented inflation in more than four decades.
The March report reflects the most severe impacts of the global disruptions in energy and food markets caused by Russia’s invasion of Ukraine. Recent dips in prices of oil per barrel and the leveling off of gasoline per gallon are not reflected in this report.The average price of butter grew 11.9% in the last year. Meat has been especially affected by supply chain issues, with 100% meat frankfurters jumping 35.
Average costs can change due to seasonal availability, inventory changes, and other factors beyond inflation.to farms rebounding from labor shortages and supply chain issues Other factors like unfavorable weather and its impacts on crop and fruit yields—and, conversely, ramped-up production during spring and summer months—are also major contributors to average price fluctuations up and down. Many traditionally low-cost grocery staples were also impacted by inflation and supply chain constraints.
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