Grocery Bill Inflation Might Have Peaked
Provided current trends hold, shoppers should get some relief from relentless price increases at the grocery store.
This week, Europe's largest food and personal-care companies reported big price rises for the three months through June. Evian water maker Danone and its rival Nestlé are charging roughly 7% and 8% more for their goods respectively than they were this time last year. Unilever's brands, including Ben & Jerry's and Magnum ice cream, cost 11% more on average.
All three businesses have worked American shoppers particularly hard. Nestlé raised prices in North America by 9.8% in its first half, compared with 4.9% for European consumers.
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