Merchant prices will continue to rise as 2022 approaches – NBC 5 Dallas-Fort Worth

It’s not your imagination. Grocery store prices continue to rise thanks to a perfect storm that looks like nothing seen for years, according to Texas Retailers Association consultant for the Texas Retailers Association Gary Huddleston.

“Of course I’ve seen inflation in my 45 years. I’ve seen problems with the supply chain, and what we call sold out of stock, trying to get products on the shelves. I’ve seen some work problems, but I do not think I’ve ever seen it all. get together at once, tell how it has been within the last 6 months, ”said Huddleston.

He said two of the biggest factors are the increased hiring costs due to staff shortages and increased overtime. The other is fuel costs.

“It’s not just petrol, it’s the petrochemicals to produce the packaging, the plastic bags, the plastic and all the ancillary products that petroleum provides,” he said.

This pressure on manufacturers extends to retailers, who ultimately have no choice but to charge consumers more, especially as price increases hit products at all levels.

“If you think of a jar of preserves, there are strawberries in it. And the increased price of strawberries is one thing that goes into it. It has citric acid, which is a preservative, and the price of citric acid has risen. It has “Sugar, and sugar is at the highest level right now. And also the packaging, the cost of the packaging has increased,” Huddleston said.

Some of the highest increases are on meat, which is an increase of about 15% from this time last year. For value, Huddleston recommends fresh produce, much of which is produced in Texas that requires less transportation.

Although a significant decline is not on the horizon, the industry expects the increases to slow down sometime in the new year.

Meanwhile, Huddleston says to expect to see more self-checkout and all stores can do to reduce costs.

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