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Grocery Prices Still Soaring | Texas News
Grocery prices soared like rockets after the pandemic, hitting a 12% jump in 2022—the biggest in 50 years. Even as inflation cools, food costs aren’t falling fast enough, pushing shoppers to hunt for deals, switch to store brands, and buy less. Private label sales hit a record $282 billion last year, offering quality at 40% less. High prices stick around due to retailers holding onto costly inventory, companies protecting profits, and long-term issues like climate and import taxes. But there’s hope: big players like Walmart are lowering prices, and if they win back customers, others may…
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