Top 5 Groceries with the Biggest Price Hikes
It’s no secret that Americans are enduring record-breaking inflation, with food prices being one of the things impacted most. Here are the five groceries with the largest 12-month price hike, according to data from the USDA and Bureau of Labor Statistics.
Prices of chicken parts, including drum sticks, thighs, and breasts, increased 15.1%.
4. Margarine and peanut butter
The price of both margarine and peanut butter jumped 15.8%.
Bacon prices spiked a whopping 18.2% in the last 12 months. Breakfast sausages also increased significantly in that time — 16.5%.
2. Citrus fruits
Citrus, including lemons, limes, and grapefruits, soared 19.5%. Oranges and tangerines rose 18.3%.
1. Beef and veal
Prices of raw beef and veal saw the biggest increase in grocery stores, with a 20.4% increase in the past 12 months.