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Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even Higher

Many businesses have held back skyrocketing expenses from consumers, but they can only do that for so much longer. 

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With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse. But evidence suggests that even higher prices are on the horizon.

Consumers have actually been shielded so far from the full brunt of soaring expenses that are facing producers, distributors and small businesses like restaurants. But they can only hold back for so much longer.