supermarket
Search documents
Trump Claims Grocery Prices Are Down, But Are They?
Bloomberg Televisionยท 2025-08-08 11:47
Grocery Price Trends and Influencing Factors - Grocery prices have increased since the COVID-19 pandemic [1] - There was a pause in grocery prices at the time of the report [2] - Tariff uncertainties are impacting import costs, leading importers to consider splitting the cost with consumers [3] - Increased costs from tariffs on goods from India and potential price increases from Ecuador are concerns [3][6] Impact on Business and Margins - Increased import costs, such as a container of shrimp from India rising from $200,000 to $300,000 due to tariffs, are impacting businesses [5] - Supermarket businesses are operating on thin margins and are currently absorbing some of the increased costs [9] - The ability to sustain current margins is uncertain if tariffs remain unchanged [11] Sourcing and Local Focus - The business sources a significant portion of its products from local farmers, including New Jersey blueberries, Delaware watermelon, and local corn [8] - The company had to find alternative sources from around the world during COVID-19 [11] Customer Behavior and Concerns - Customers are concerned about food costs, but sales remain strong, even for premium items [15] External Factors - Weather conditions are impacting feed costs for cattle ranchers, leading to a slight increase in beef prices [13][14]