- Boring Business Nerd
- Posts
- How tariffs will impact grocery prices
How tariffs will impact grocery prices
Here’s where shoppers can expect price increases at the grocery store.
Kieran Ryan
November 19, 2024
TODAY’S STORY
With the prospect of new tariffs on imported goods, grocery shoppers may start to see noticeable price changes in the following items:
Avocados – ~90% of the U.S. avocado supply will come from Mexico in 2024
Berries – Over 50% of fresh blueberries came from Chile and Puru in 2021
Garlic – Other countries produce ~75% of the world’s supply of garlic; U.S. fresh garlic imports increased 33% in the 12 months from June 2023 to May 2024
Bananas – ~75% of the U.S. banana supply is imported from Guatemala, Costa Rica, and other Latin American countries
Coffee, frozen beef, and olive oil prices should also rise.
So, what’s the total damage? Third Way predicts shoppers will pay $185/year more for groceries and $551/year more at big-box stores. The analysis models additional costs based on a scenario where a 60% tariff is added to goods primarily from China, and a 10% tariff is added to goods imported from other countries.
OUR PICKS
Here are today’s recs to help you live a smarter life…
1. Ultimate outside comfort zone.
Kick back and relax in this mid-size chair featuring a slightly lower seat, smooth rocking, and a quick setup. 20% off for a limited time.*
2. Built for accuracy, designed for your every day.
The Oura Ring tracks your sleep, activity, stress, heart rate, and more. $50 off for a limited time.*
3. Stylish and practical.
This dimmable floor lamp makes for an excellent addition to any room.*
#SHORTS
Pentagon fails 7th audit in a row, unable to fully account for $824B budget
@boringbusinesskieran Pentagon fails 7th audit in a row, unable to fully account for $824B budget 👁️💰 #business #economy #government #congress #pentagon #dod #doge
PREVIOUS STORIES
How Netflix Solved Its Password-Sharing Problem — Netflix added 22 million subscribers in 2023 from its password-sharing crackdown.
Weight-loss drug leaders engage in pricing war — Eli Lilly and Novo Nordisk are slashing prices to encourage more health plans to cover the medicine.
Developers see green with luxury retirement homes — The homes are part of a booming economy catering to the needs of a rapidly aging America.
Walmart’s major grocery moves — Walmart captured 37% (an all-time high) of grocery e-commerce spending in Q2 2024.
Select U.S. grocery stores are selling bullets — Milk, eggs, and bullets for sale in some grocery stores + how election cycles impact gun sales.
To read the web version of previous stories, click here
If you have any comments or feedback, just respond to this email.
Thanks for reading,
Kieran & Justin Ryan
