Errattic: Meat eaters get hit hardest as inflation sees grocery bills soar

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Meat eaters get hit hardest as inflation sees grocery bills soar

Milk is more expensive according to 51 percent of those surveyed; for prepared foods it is 50 percent of those questioned and for seafood 49 percent.

A quarter said they are buying less red meat as a result of the price hikes. Meat prices rocketed by up to 25 per cent last spring, during the early days of the COVID-19 pandemic, when meat plans were hit by staff shortages caused by the virus.

They subsequently dropped, but Bloomberg's data suggests shoppers are once again feeling the pinch.

Morning Consult economist John Leer told Bloomberg: 'We’ve got these pockets of inflation without having corresponding wage growth, and that’s going to put consumers in a really tough spot.'

For Hispanic and black Americans, more than 40 per cent report spending more money on food since the start of 2021. For white Americans that figure is 30 percent.

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Filed under: Health/Food

10-May-2023

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