At a time when virtually everything feels exorbitantly expensive in America, grocery prices have emerged as a top budgetary concern for countless households.
According to the U.S. Department of Agriculture (USDA), grocery prices jumped an absolutely astounding 11.4% last year, after rising just 3.5% in both 2020 and 2021.
Many will attest that there's nothing quite like a perfectly seasoned steak after a long day, but by now we all know red meat isn't exactly the healthiest dietary choice.
Florida has long been synonymous with bright, juicy, and delicious oranges. As such, the sunshine state has always been relied upon heavily to supply the nation with plenty of oranges, orange juice, and vitamin C.
If Florida is all about oranges, Georgia is undoubtedly the peach state. One of the United States' top peach producers, however, is wrestling with an astoundingly low harvest this year brought on by a series of wacky weather developments.
A key component of any chef's repertoire, olive oil is an absolute must in every kitchen. And yet, even this culinary essential is rapidly becoming too expensive for many customers to afford.
Ready to take out a line of credit to satisfy a sweet tooth? Domestic chocolate prices have risen by 14% over the past year, with (you guessed it) extreme weather patterns and crop disease largely to blame for a particularly poor harvest this season.
"For most players, the impact of the very steep cocoa future prices increases will only kick in from the second half of 2023," Lindt's Chief Financial Officer Martin Hug told analysts during an earnings call.