By Blake Haas and RFD Radio
CLINTON – A Clinton grocery store owner says inflation is out of control and the worst he has seen in over 50-years.
Clinton Save A Lot owner Dave Jackson said he’s doing everything he can to ease the burden on his customers, but food prices are increasing at alarming rates.
“There’s actually legitimate cost increases due to a lot of labor and a lot of other things that are causing this; trucking, fuel, so a lot of this is legit, but a lot of this is people jumping on the bandwagon. And the other thing that’s happening is companies have been doing this for years – downsizing their product, but keeping the price the same, well that’s inflation.”
In the latest Consumer Price Index (CPI) reading, inflation remained red hot at 7.5%. However, Jackson says inflation is higher than the latest reading.
“You know they’re claiming 6.8 or 7%; I’m going with about 17% inflation. It is severe. Every single manufacturer that delivers to my store, direct delivery Save A Lot everything is going up at a pace we can hardly keep up with.”
Jackson, who has spent decades in the grocery business, said inflation is the worst it has been in 50-years.
Blake Haas can be reached at [email protected].