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Seven essential goods that will rise in price this summer

'04.05.2021'

Olga Derkach

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Over the past year, against the backdrop of the COVID-19 pandemic, prices for some products have skyrocketed. But the Americans will face another rise in prices. The list of 7 products that will rise in price in the near future was compiled by the publication Eat this.

Photo: Shutterstock

Pork, bacon and hot dogs

Bacon and hot dog prices will remain fairly high throughout the summer as demand for them rises amid low supply.

Most likely, there will be no discounts on these products during the summer. One way to save money is to stock up if you happen to stumble upon a good deal. Remember, meat is easy to freeze and easy to defrost when you want to cook it.

Beef

Since the start of the pandemic, beef prices have risen as more people start cooking at home. Prices remained high throughout the summer and then dropped in time for fall, but will rise again this summer.

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“There will be less beef in the second half of 2021 as prices are high,” said Will Sawyer, lead economist at CoBank recently. "In addition, it looks like prices for animal feed will rise by 25-30%."

Alcohol

Basically, all summer BBQ foods are getting more expensive. According to Forbes, between February 2020 and February 2021, prices for spirits, wine and beer increased by 2%. Although, despite this trend, sales have increased, especially on the Internet.

Toilet paper

Toilet paper may even be in stock at your local store, but after a year of panicky shopping it gets more expensive.

“And this is no accidental attempt by companies to make a profit,” said Greg Portell, a partner at the consulting firm Kearney. "This is a reboot of the market."

Fresh fruits

Fresh fruit prices fell sharply in 2019 and 2020, according to the USDA. However, in March 2021, they were 5,6% higher compared to the same month in 2020. And most likely a price reduction is not expected.

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“According to forecasts, in 2021, prices for fresh fruit will rise by $ 2- $ 3,” the department said in a statement.

Eggs

The price of eggs rose and fell like a roller coaster like other foods in 2020. The USDA is now forecasting that the price of eggs will rise 1,5% against the Producer Price Index (PPI), "which measures the prices paid to domestic producers for their produce." PPI changes do not always mean a sharp increase or decrease in prices for the consumer, but they are a good indicator of what will happen in the near future.

Fats and oils

The PPI also predicts that the price of fats and oils will rise 16% on the back of increased demand. This is a big difference compared to 2019, when oils, like many other products, were cheaper.

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