Old Bay just transitioned to a tin-and-steel box. It's a more nostalgic vibe — and also more expensive. And it’s a sign that steel-and-aluminum tariffs can impact food packaging.
Food prices in December were up 2.4% for the year — and if you go back five years, they’re up about 25%, according to the latest Consumer Price Index from the Bureau of Labor Statistics.
Consumer spending has remained resilient as the top 10% of earners accounted for roughly 50% of consumer spending in the third quarter. But one of the “luxury” goods they are spending it on is simple mixture of salt and cream.
Thousands of grocery stores around the country rely on customers who pay with SNAP benefits. Some could close because of cuts Congress just approved to the food assistance program.