Consumers are paying more for grocery, household, and health & beauty items than they were last year. While the rate of inflation for both health & beauty and household products has slowed or declined in recent weeks, grocery prices continue to rise.
Highlights for the four week period ending May 8:
- Grocery prices were up 12.0% vs. YA, a rate that has steadily increased from around 7-8% at the turn of the year.
- Health & beauty prices were up 9.4% vs. YA. While this is down from inflationary rates seen in late 2021 and early 2022, it is still above rates seen earlier in 2021.
- Prices for household items were up 14.7% vs. YA, a rate that is up from prior weeks and on-par with what we saw at the turn of the year