Politics

Brace Yourself: Grocery Prices Are About To Go Through The Roof — Again

By

Sick of sticker shock at the supermarket? Don’t expect relief any time soon.

That’s the word from mighty Goldman Sachs, which says in a report to clients that grocery prices will rise by as much as 6% this year — on top of a similar increase last year.

“The stage has been set for further substantial increases in retail food prices this year,” the investment bank’s economists wrote in the report.

They blamed COVID-related supply issues, as well as high labor costs and rising expenses for fertilizer and other farming necessities.

Goldman’s forecast is the latest gut punch for U. S. consumers grappling with rising costs for practically everyth… (Read more)

Comments are closed.