LOS ANGELES (CBSLA) – If you think you’re paying more at the grocery store, you’re not wrong.
Wholesale prices are at an all time high and some supplies are scarce.
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One woman said her grocery bill has slowly increased over the past few weeks.
“The prices are so high,” she said. She is not alone.
“It all looks like a dollar to two dollars higher,” said customer Kathleen Postal. “This creep just happened and it’s very expensive.”
“Prices are skyrocketing,” customer Irwin Ginsburg said.
Wholesale inflation jumped 8.3% from August of this year compared to August 2020, according to new figures released by the Ministry of Labor.
This is the biggest gain on record since the ministry started tracking it over ten years ago.
“We haven’t seen anything yet,” said Phil Lembert of SuperMarketGuru.Com. “Prices will continue to rise for a good year and a half. “
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Lembert is the editor of SuperMarketGuru.Com and a food industry analyst.
“The biggest increases we’ll see are in animals,” he said, “be it eggs, milk, pork or beef. “
The fires in the north have decimated their diet. Supply chain issues such as bottlenecks at the Port of Los Angeles and labor shortages are also to blame.
“We have a huge problem with the lack of truck drivers,” Lembert said. “Refrigerated transport has increased by 10.4% in cost. “
As prices rise, supplies have declined.
“We’re just having trouble finding the types of things we want,” Postal said.
In the grocery stores that CBSLA’s Kristine Lazar visited, she saw a limited amount of things like milk, butter, soda, snacks, paper products, and baked goods.
“Retailers who fill their orders to fill their shelves don’t get what they order,” Lembert said. “It is estimated that it represents between 50 and 70% of what they order. “
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Experts say it’s always worth shopping for. Buyers may want to try independent grocers or stores with different business models like The Dollar Store or Aldi.