Grocery prices are higher than ever — could chains like Walmart help?
In 2022, grocery prices rose more than they had in over four decades, since the “great inflation” of the 1970s. The hair-raising climb has finally stopped, but the pain remains: We’re still paying 25 percent more for groceries than we did in 2019. A pound of ground beef in December 2019 was $3.86 — in December 2023 it was $5.21. A 16-ounce bag of potato chips went from $4.53 to $6.40. The price of a 12-ounce can of soda rose almost 64 percent. Consumer prices tend to go only one way — up.
Despite a falling inflation…