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1 big thing

Food costs are changing how we shop and eat

1 big thing

Axios

News

4.02K Ratings

🗓️ 14 June 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

The cost of food in grocery stores is up 11.9% from last year, according to the latest release of inflation numbers. That’s the largest increase since April 1979, and because of those skyrocketing food prices Americans are buying more store brands, and cutting down on costly meat and produce. Plus, rising tensions outside and inside the Supreme Court And, damning testimony from Trump’s inner circle. Guests: Axios' Emily Peck, Sam Baker and Mike Allen. Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: Rising food prices are changing the way we eat and shop After the leak, the Supreme Court seethes with resentment and fear behind the scenes Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:26.7

Based on customer numbers for verification email, advertising at MailChimp.com.

0:34.2

Good morning, welcome to Axios today.

0:36.5

It's Tuesday, June 14. I'm Naila Boudou.

0:39.8

Today, rising tensions outside and inside the Supreme Court.

0:45.0

Plus, damning testimony from Trump's inner circle.

0:49.0

But first, today's one big thing.

0:51.6

How spiking food costs are affecting how we shop and eat.

0:57.3

The cost of food in grocery stores is about 11.9% from last year.

1:05.1

That's according to the latest release of inflation numbers.

1:08.0

And it's the largest increase since April of 1979.

1:13.6

Now, those skyrocketing food prices are changing the way we eat and shop.

1:18.0

Americans are buying more store brands and cutting down on costly meat and produce.

1:23.6

Here to explain what's going on is Axios' markets reporter Emily Pack.

1:27.2

Hey, Emily. Hi.

1:29.2

So what food items are particularly expensive right now, Emily?

1:34.4

First of all, everything is more expensive now, but listeners know this.

...

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