www.mercurynews.com Open in urlscan Pro
192.0.66.2  Public Scan

URL: https://www.mercurynews.com/2024/02/01/fed-cant-fix-27-surge-in-california-grocery-prices/
Submission: On February 05 via api from US — Scanned from DE

Form analysis 1 forms found in the DOM

GET https://www.mercurynews.com/

<form class="search-form header-search" method="GET" id="search-bar" action="https://www.mercurynews.com/">
  <div class="input-wrapper">
    <span class="icon-search" aria-hidden="true"></span>
    <input id="mng-search-focus" type="text" placeholder="Type your search" name="s" aria-label="Type your search">
    <input name="orderby" type="hidden" value="date">
    <input name="order" type="hidden" value="desc">
    <div class="search-button-container">
      <button class="search-button" type="search">
        <span>Search</span>
      </button>
    </div>
  </div>
</form>

Text Content

Skip to content
All Sections
Subscribe Now
55°F
Monday, February 5th 2024

Today's e-Edition

Home Page
Close Menu
 * News
   * News
   * Latest Headlines
   * Crime and Public Safety
   * California News
   * National News
   * World News
   * Politics
   * Education
   * Environment
   * Science
   * Health
   * Mr. Roadshow
   * Transportation
   * The Cannifornian
 * Local
   * Local News Map
   * Bay Area
   * San Jose
   * Santa Clara County
   * Peninsula
   * San Mateo County
   * Alameda County
   * Santa Cruz County
   * Sal Pizarro
 * Obituaries
   * Obituaries
   * News Obituaries
   * Place an Obituary
 * Opinion
   * Opinion
   * Editorials
   * Opinion Columnists
   * Letters to the Editor
   * Commentary
   * Cartoons
   * Election Endorsements
 * Sports
   * Sports
   * San Francisco 49ers
   * San Francisco Giants
   * Golden State Warriors
   * Raiders
   * Oakland Athletics
   * San Jose Sharks
   * San Jose Earthquakes
   * Bay FC
   * College Sports
   * Pac-12 Hotline
   * High School Sports
   * Other Sports
   * Sports Columnists
   * Sports Blogs
 * Things To Do
   * Entertainment
   * Things To Do
   * Restaurants, Food and Drink
   * Celebrities
   * TV Streaming
   * Movies
   * Music
   * Theater
   * Lifestyle
   * Advice
   * Travel
   * Pets and Animals
   * Comics
   * Puzzles and Games
   * Horoscopes
   * Event Calendar
 * Business
   * Business
   * Housing
   * Economy
   * Technology
   * SiliconValley.com
 * Real Estate
 * Marketplace
 * Subscribe
 * Log in
 * Logout

Close Menu

Get Morning Report and other email newsletters

Sign Up

RESTAURANTS, FOOD AND DRINK |
FED CAN’T FIX 27% SURGE IN CALIFORNIA GROCERY…


SHARE THIS:

 * Click to share on Facebook (Opens in new window)
 * Click to share on Twitter (Opens in new window)
 * Click to print (Opens in new window)
 * Click to email a link to a friend (Opens in new window)
 * Click to share on Reddit (Opens in new window)
 * 
 * 
   Click to share a free article with a friend

   GIFT THIS ARTICLE
   
   WHAT IS ARTICLE SHARING?
   
   Subscribers are entitled to 10 gift sharing articles each month. These can be
   shared with friends and family who are not subscribers.
   
   Subscribe now! or log in to your account.
   
   Share Button Disabled
   Subscribe Log in

 * Subscribe
 * Log in



Account Settings Contact Us Log Out

Spoof a user

Get Morning Report and other email newsletters

Sign Up
 * Subscribe
 * Log in


Search
55°F
Monday, February 5th 2024

Today's e-Edition

Restaurants, Food and Drink

 * Things To Do
 * Food & Drink
 * Celebrities
 * TV
 * Movies
 * Music
 * Advice
 * Travel
 * Pets & Animals
 * Event Calendar

Trending:

 * Restaurants, Food and Drink |
   Bonsai tree heists
 * Restaurants, Food and Drink |
   Super Bowl music guide
 * Restaurants, Food and Drink |
   King Charles has cancer
 * Restaurants, Food and Drink |
   Lucid Motors eyes SJ site
 * Restaurants, Food and Drink |
   Recipe: French onion soup
 * Restaurants, Food and Drink |
   Grammys 2024 winners


BREAKING NEWS

RESTAURANTS, FOOD AND DRINK |
MAP: WHERE WIND REACHED 102 MPH, AND OTHER PEAK BAY AREA GUSTS


THINGS TO DO


RESTAURANTS, FOOD AND DRINK

Opinion ColumnistOpinion Columnist Represents the opinion of the author who is
either a paid columnist or an unpaid guest columnist.


SUBSCRIBER ONLY

RESTAURANTS, FOOD AND DRINK |
FED CAN’T FIX 27% SURGE IN CALIFORNIA GROCERY PRICES


NO BUREAUCRATIC ACTION WILL GET 2019-LIKE PRICES BACK ON THE GROCERY SHELVES


HOW FOOD INFLATION FARED IN 2019-23 (Chart by Flourish)
By Jonathan Lansner | jlansner@scng.com | Orange County Register
PUBLISHED: February 1, 2024 at 7:24 a.m. | UPDATED: February 2, 2024 at 7:02
a.m.

Sometime in 2024, the Federal Reserve will declare it won its war on inflation.

Fears of a recession will ease. The news should boost stock prices. Lower
interest rates likely will be a boon to house hunters.

Yet, any grocery shopper who’s paying attention at the checkout counter will
ask, “What are they talking about?”

Pandemic-fueled inflation made a mess out of numerous household budgets. High
food costs have been one particularly harsh result.

California’s cost of living, for example, got 19% pricier since 2019, according
to my trusty spreadsheet’s average of regional Consumer Price Indexes for Los
Angeles-Orange County, San Francisco, San Diego, and the Inland Empire.

Rocketing prices have been particularly intense wherever you stock your fridge
and pantry. Groceries in California are 27% more expensive in four years,
according to my CPI averages.




RELATED ARTICLES

 * Restaurants, Food and Drink |
   Electric bill based on income? Forget it, California lawmakers of both
   parties agree
 * Restaurants, Food and Drink |
   California consumer confidence starts 2024 at 7-month high
 * Restaurants, Food and Drink |
   Here’s why gas always costs more in California
 * Restaurants, Food and Drink |
   Your 401(k), gas prices and homes: 3 surprising reasons to be happy
 * Restaurants, Food and Drink |
   Krugman: Is the ‘vibecession’ finally coming to an end?

Sadly for those in monetary distress, food is a hard-to-juggle expense. It’s 13%
of household spending, according to CPI math. And you can’t put it off like
perhaps furniture, clothing, or a car.

Now, you might try to find a bargain when a favorite item gets too expensive.
But that’s tricky when food costs soar almost across the board.



Plus, dining out is not a money-saving alternative. Food away from home, by
California CPI averages, jumped 23% in four years.

AISLE BY AISLE

Prices were unkind on almost every grocery aisle. Ponder these budget-busting
prices for California food niches tracked by the local CPIs – and why these
expenses mushroomed. We rank them by the size of the surge  …

Cereals and bakery products: Up 35% in four years. The biggest culprits were
grain shortages due to the Ukraine war and small crops affected by climate
change.

Other food at home: This grouping – which includes sweets, oils, and frozen
meals – jumped 30%. There’s soaring demand for the convenience of frozen foods.
Meanwhile, sugar prices were also on the upswing.

Meats, poultry, fish, and eggs: The price of proteins rose 28%. Packing house
issues limited supplies. Illnesses cut chicken counts, and pricier grain meant
pricier feed.

Fruits and vegetables: Up 22% as demand grew with the desire for healthier
foods. Costs for energy, packaging, and fertilizers jumped.

Dairy products: Up 21% because keeping cows got very expensive as production and
transportation costs ballooned.

Nonalcoholic beverages: Up 20%, a bump tied to costly sugar, electricity,
aluminum in cans, and pricier marketing – a big part of the brand-sensitive
niche.

Alcoholic beverages: Here’s a bit of odd solace from a niche that was a rare
food group with below-average inflation – up 13% in four years. Folks are
apparently drinking less.

BOTTOM LINE

Often, the economy is a what-have-you-done-for-me-lately world.

So, when a worker replaces a lost job, there’s likely good vibes for the renewed
flow of paychecks. Also, lowered interest rates can make buying a home or car
more affordable.

But inflation is different. No bureaucratic action – from central bankers or
elected officials – will get 2019-like prices back on the grocery shelves. Those
financially overwhelmed by food costs will need more than comforting words from
Fed Chairman Jerome Powell.

Yes, by December 2023, grocery inflation might have felt a bit tamed. It ran at
a 1.9% annual pace in California and 1.3% nationally. That’s well below the
slower-improving and overall cost-of-living, which is up 3.9% for 12 months in
California and 3.4% across the U.S.

Still, every trip to the grocery store will remind shoppers of the
not-so-long-ago days before food got caught in the inflation vortex: The goods
in the shopping basket that cost $100 in 2019 now ring up at $127.



 






SHARE THIS:

 * Click to share on Facebook (Opens in new window)
 * Click to share on Twitter (Opens in new window)
 * Click to print (Opens in new window)
 * Click to email a link to a friend (Opens in new window)
 * Click to share on Reddit (Opens in new window)
 * 
 * 
   Click to share a free article with a friend

   GIFT THIS ARTICLE
   
   WHAT IS ARTICLE SHARING?
   
   Subscribers are entitled to 10 gift sharing articles each month. These can be
   shared with friends and family who are not subscribers.
   
   Subscribe now! or log in to your account.
   
   Share Button Disabled
   Subscribe Log in

 * Report an error
 * Policies and Standards
 * Contact Us




MOST POPULAR

Recommended For You
 * San Jose Mayor Matt Mahan issues warning as city declares local emergency
   over expected Guadalupe River flooding
 * High winds, heavy rains hit the Bay Area and the rest of California’s coast
 * Campbell cancels this year’s summer concert series
 * It’s time to vote: Here’s how to navigate California’s weird voting rules for
   the primary
 * Grammys 2024: The big moments people will be talking about
 * Linda Ronstadt on her new book, Parkinson’s disease, racism and religion:
   ‘I’m a practicing atheist’
 * Prince Harry headed to U.K. to be by King Charles’ side as he battles cancer
 * King Charles III diagnosed with cancer, will step back from public duties
 * TasteFood: The key ingredient in French Onion Soup is patience
 * Bay Area rain chart: Totals from 5 days of atmospheric river storms






TRENDING NATIONALLY

 * Strong storm ‘parked’ over Los Angeles to grow, creating additional threats
   of flooding
 * Grammys 2024: Taylor Swift announces new album ‘The Tortured Poets
   Department’
 * Why are counties, GOP pushing against the Minnesota state flag and seal?
 * Delta pilot sues after Denver airport moving walkway “swallows” his foot
 * Trump jumps ahead of Biden in new NBC poll, reveals VP shortlist


Subscribe Today Get digital access for just 99 cents!




MORE IN RESTAURANTS, FOOD AND DRINK


 * SUBSCRIBER ONLY
   
   RESTAURANTS, FOOD AND DRINK |
   A BELOVED BERKELEY CAFE THAT FEEDS THE HOMELESS GETS A REPRIEVE FROM
   OBLITERATION

 * THINGS TO DO |
   30+ WAYS TO CELEBRATE VALENTINE’S DAY IN THE BAY AREA

 * RESTAURANTS, FOOD AND DRINK |
   THE KEY INGREDIENT IN FRENCH ONION SOUP IS PATIENCE

 * RESTAURANTS, FOOD AND DRINK |
   COLORADO MAILBOX FLOODED WITH REQUESTS FOR FREE 177-YEAR-OLD SOURDOUGH
   STARTER



 * 2024
 * February
 * 1

 * News Alerts
   * Email Newsletters
   * Today’s e-Edition
   * Mobile Apps
   * Site Map
 * Marketplace
   * Place an Obituary
   * Place a Real Estate Ad
   * Lottery
 * Contact Us
   * Digital Access FAQ
   * Join our Team
   * Special Sections
   * Sponsor a Group
   * Get Sponsored Access
   * Privacy Policy
   * Accessibility
 * Advertise With Us
   * Network Advertising
   * Daily Ads
   * Place a Legal Notice
   * Public Notices
   * Best Bay Area Employers
   * Monster.com
 * Subscribe
   * Member Services
   * Manage Subscriptions
   * Store
   * Archive Search
   * Reprints
   Subscribe Now

 * Terms of Use
 * Cookie Policy
 * California Notice at Collection
 * Notice of Financial Incentive
 * Do Not Sell/Share My Personal Information
 * Arbitration
 * Powered by WordPress.com VIP

Copyright © 2024 MediaNews Group

BAY AREA'S HOME PAGE
Close


Search Nearby


Get current location
Explore Nearby


Discover news happening near places you care about
Your location

Powered by Bloom

word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word word word word word word word word word
word word word word word word word word

mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1
mmMwWLliI0fiflO&1