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Grocery Prices Trending Upward, New Report Says
A new study from consumer packaged goods sales and marketing firm Acosta has revealed that nationwide grocery prices are on the rise.
The study, which was released Monday, Feb. 4, showed that more than half of manufacturers processed a price increase in 2018. These price hikes averaged 7.8 percent.
The departments that saw above-average price hikes include meat, seafood, pet care, deli, baby care and household care. Meanwhile, the price increases for dairy, alcohol, health and beauty aids, grocery, bakery items and produce were considered below average.
Acosta also noted that the trend is …