Grocery buyers should feel the impact of new radical prices of the Trump administration before the end of April. And the first place, they will feel it in certain parts of the store where the inventory must move quickly.
In the product aisle, food analysts said on Thursday, are expecting low price increases on daily purchases such as Guatemala bananas and Peru grapes, countries whose exports to the United States will lead to 10% prices when new costs come into force on Saturday. A distinct series of reciprocal prices on 57 countries will follow on Wednesday.
The seafood counter may contain surprises even worse. The grocery stores sell a lot of shrimps from Vietnam, which President Trump struck with a reciprocal rate of 46%, and India, with a percentage of reciprocal tariff.
Soon, analysts say that price increases will arrive for staples like sugar and coffee, which is already at the cost of a historic summit. Specialized coffee beans could possibly cost consumers from 10% to 35% more than before the prices, predicted bean buyers.
From the pandemic, grocery stores expand their private products lines at low prices. Customers loved them as a way to navigate inflation, but prices will increase costs.
