Spinach and lettuce prices spiked dramatically in July, with producer prices rising over 130% month over month due to tariffs, labor shortages, and climate-related stress. As fresh vegetable inflation accelerates, analysts warn of looming price hikes for consumers and intensified strain on the produce supply chain.
Honeycrisp apple prices have surged 160% amid crop shortages, rising labor costs, and limited imports. Retailers are pivoting to Cosmic Crisp, frozen produce, and private labels as shoppers seek relief from premium fruit sticker shock.
Despite wage gains, food inflation continues to outpace earnings, leaving consumers increasingly anxious about grocery costs. Meanwhile, new tariffs threaten to disrupt the food industry, with stakeholders bracing for volatile pricing and potential shifts in shopper loyalty.
Kraft Heinz’s recent quarterly earnings report posted year-over-year organic volume declines of 7.1% for the period. One potential culprit: the brand’s iconic Mac & Cheese brand is among their weakest performers, per management.
