Connect with us

Hi, what are you looking for?

Business / Economy News

Florida Among States With Highest Grocery Prices

Florida certainly has the title of being one of the lowest tax burdens for families, businesses, and consumers. However, when it comes to lower food cost, they line up as one of the worst..

A new study by Food Label Maker (FLB) shows the Sunshine State ranks 39 out of 50 states that have lower grocery prices.

FBL is a software group that analyzes food nutrition with food manufacturers and restaurants. FBL compiled information from nationwide databases at the state level on grocery prices per person for 2024 compared to grocery prices from 2022.

The state that came in number one with the lowest food cost was Texas, which was below the national average. Rounding out the other states, Michigan ranks second, and Mississippi placed third. Arkansas at number four and Kentucky at number five.

The states with the highest food prices for consumers were New York, Massachusetts, California, Alaska, and Hawaii.

With some states doing better than others when it comes to lower food cost, economic analysts say it’s still nothing to brag about.

Florida Daily Financial analyst Steve Beaman says when you compare the cost today versus 5 years ago everything is still higher.

“Yes, when you look back at inflation at its high mark in 2022, currently it is better, but the increase in cost (though smaller) is still rising, and consumers are paying 20% more in food prices today than they were at the beginning of 2021,” Beaman said.

“Consumers are increasingly focusing on stretching their budgets while prioritizing the quality and nutritional value of their purchases,” a Food Label Maker official said. “This study provides valuable insights that can help individuals and families make informed decisions about their food shopping habits.”

Author

Archives

Related Articles

Business / Economy News

Dealerships throughout the country are reporting that customers are having a rough time making their auto payments. The New York Fed says 60-day and...

Florida News

Millions of Americans depend on auto loans to finance their vehicles, contributing to a total auto loan debt of nearly $1.7 trillion. A At...

Business / Economy News

Peter Santenello, a city history and culture documentarian, recently posted his tour of Miami. Santenello has gained international attention for his interviews with locals...

Opinion

By Steve Beaman America has always thrived on innovation, competition, and the boundless spirit of enterprise. Our history is a testament to what happens...

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.