[Washington Examiner] Supply chain problems and high labor costs are driving another hike in grocery prices.A Goldman Sachs report showed that consumers should expect "substantial increases in food prices" in the likes of a 6% climb this year — similar to what people experienced last year.
A Bureau of Labor Statistics report indicated that prices across a range of goods and services rose 7% between December 2020 and December 2021. It's the largest annual inflation growth in more than 40 years.
Food prices overall saw the largest increase since 2008, with a 6.5% jump in December. Meat prices went up 15%, while egg prices increased by 11%.