Produce suppliers are caught in the middle of high input costs and the struggling consumer


Important Takeaways:

  • PA food supplier warns Americans getting squeezed by inflation are becoming ‘resistant’ to higher prices
  • As the Keystone State saw inflation last year dig deeper into residents’ wallets than any other state, one Philly-based food supplier is warning that the fight may not be over yet.
  • The Philadelphia-based produce supplier has been caught between higher input costs and consumers struggling to pay for inflationary prices. According to Consumer Affairs, Pennsylvania saw the highest grocery inflation rate of any state in 2023, at an 8.2% increase year-over-year.
  • The typical U.S. household needed to pay $213 more a month in January to purchase the same goods and services it did one year ago because of still-high inflation, according to new calculations from Moody’s Analytics chief economist Mark Zandi.
  • Americans are paying on average $605 more each month compared with the same time two years ago and $1,019 more compared with three years ago, before the inflation crisis began.

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