Shoppers Seeing Shortages and Price Hikes

Dublin, June 01, 2021 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the consumer goods industry "Shoppers seeing shortages, price hikes"

Grocery shoppers are seeing sticker shock at the supermarket. Just about everything suddenly costs more in many places, such as the USA. Citrus fruit prices are up 9.8 percent, bacon increased 8.1 percent and beef is up 7.1 percent.

At the gas station, prices are up more than 22 percent from a year ago. Leo Feler, a senior economist at UCLA, said gas prices fell so low last year that it put some oil producers out of business. Production still hasn't caught up as drivers hit the road again.
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