Manufacturing Expenses Drive Up Grocery Prices —

Manufacturing costs are going up, which means that some grocery categories might see price increases:

“Manufacturers’ rising costs are the biggest cause for the increase with an average price bump of 7.8% in 2018 alone. The paper pulp industry has seen a 60% increase in the cost of hardwood, diesel has risen 19%, and there’s a widespread shortage of truck drivers to help distribute the massive amount of product. Despite the price hikes, competition in the food retail space remains fierce and 76% of retailers surveyed reported pushing back on or being hesitant to accept price hikes.”

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