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Showing posts with the label Grocery Prices Will Continue to Spike

Grocery Prices Will Continue to Spike, This Grocery Chain Says

Grocery shoppers hoping for some relief from high prices when looking at their next receipt will have to wait a little while, one of the largest grocery chains in America says. Company leaders from Kroger held a second-quarter earnings call on Sept. 9 and revealed that because inflation is higher than anticipated, the business plan for the rest of the year is impacted. This means that grocery costs will stay high—about 2% to 3% more than usual. Related:  The Best & Worst Grocery Brands of 2021—Ranked! Here's what Chief Financial Officer Gary Millerchip says about what customers can expect: "We are being disciplined in working with suppliers to manage these increases, and are passing along higher cost to the customer when it makes sense to do so. While difficult to predict with precision, as we shared last quarter, we believe inflation for the full year will be higher than originally contemplated in our 2021 business plan." This isn't new info. Before summe