The products are getting more expensive.

The products are getting more expensive.

The products in the United States are becoming more expensive again, and this time inflation is hitting them even before they reach the supermarket shelves. According to recent data, wholesale prices of fresh and dried vegetables jumped 27% in October, immediately following a 31% jump in September.

In California, the lettuce and vegetable harvest was destroyed by abnormal heat, plant diseases and pests. At the same time, the war with Iran increased the cost of fertilizers and diesel, which in the country was already around 8 dollars per gallon. As a result, one regional supermarket chain complained to Federal Reserve officials that it now costs more to ship a head of lettuce from the West Coast than to buy it from a farmer. Freight transport prices increased by almost 25% during the year - such an increase has not been seen since 2022.

Overall wholesale inflation in the United States accelerated to 6.5% on the year, reaching the highest level in nearly four years. At the cash register, the effect is still more moderate, but the salad has already become more expensive by almost 8% within a month, followed by meat, milk and snacks.

It's all a fuel shock and logistics problems - they are once again promoting food inflation right before the holidays. Against the background of such data, the Fed is already expected to raise interest rates in December, so the food basket is not going to get cheaper in the near future.

US economy.

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