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Friday, September 17, 2021

Kroger Warns Grocery Prices Are Heading Higher

Beef prices have risen 14% this year while pork prices have jumped 12.1%, and poultry prices are up 6.6%. 

Grocery prices are headed higher later this year, according to the U.S.’s largest supermarket by sales. 

Cincinnati-based Kroger Co., which had $132 billion in sales last year, says inflation is running hotter than management previously anticipated and that expectations are now for prices to rise 2% to 3% over the second half of this year.