Around the Bay Area, prices are rising faster than they have in a generation, data released Thursday from the U.S. Bureau of Labor Statistics shows.
“Prices have just been so high, they’re just ridiculous,” said Barbara Allen, a San Francisco resident outside her local grocery store.
“It’s not as if … a hundred percent of the cost increases are going to the consumer. Grocers are doing everything they can to swallow up those costs,” said Nate Rose, senior director of communications for the California Grocers Association. “We haven’t seen wages come up yet. That doesn’t mean it won’t happen, wages often times lag the rate of inflation,” said Justin Rietz, a professor of economics at San Jose State University. “It’s really across the board so we will see some items go up quicker than others.”
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