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America stockpiles: Supermarkets buy up to 25% more supplies as they predict inflation will soar

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Supermarkets have started stockpiling food to protect their profits amid higher supply chain costs, growing consumer spending and inflation rising to its highest level in 13 years. Empty shelves in a Save Mart as shoppers spend more than this time last year, depleting shelves

Cost Of Essentials Like Bacon And Milk Rising By Up To 14%

By RACHEL SHARP

FOR DAILYMAIL.COM

Supermarkets have started stockpiling food as inflation rises to its highest level in 13 years and they predict it will get worse.

Retailers are currently buying up to 25 percent more supplies than usual ahead of the predicted rise.

Recent data from the US Department of Agriculture revealed the consumer price index for grocery store and supermarket food purchases was up 0.7 percent in May compared to May of last year.

Click the link below to read the rest of this story.

https://www.dailymail.co.uk/news/article-9761731/Supermarkets-stockpile-20-supplies-predict-inflation-worse.html

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